Exxon Mobil Co. (NYSE:XOM) is First City Capital Management Inc.’s 6th Largest Position

First City Capital Management Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,259 shares of the oil and gas company’s stock after purchasing an additional 523 shares during the quarter. Exxon Mobil accounts for approximately 3.1% of First City Capital Management Inc.’s holdings, making the stock its 6th biggest position. First City Capital Management Inc.’s holdings in Exxon Mobil were worth $6,009,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Fairway Wealth LLC bought a new stake in Exxon Mobil during the second quarter valued at about $35,000. Anfield Capital Management LLC lifted its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at approximately $39,000. POM Investment Strategies LLC increased its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $46,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on XOM shares. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. UBS Group cut their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. TD Cowen decreased their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Up 0.9 %

Shares of NYSE XOM opened at $120.33 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm’s 50-day moving average price is $118.59 and its 200-day moving average price is $116.42. The stock has a market capitalization of $528.86 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.29%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.