Aviso Wealth Management Raises Position in Exxon Mobil Co. (NYSE:XOM)

Aviso Wealth Management grew its position in Exxon Mobil Co. (NYSE:XOM) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,394 shares of the oil and gas company’s stock after buying an additional 608 shares during the period. Aviso Wealth Management’s holdings in Exxon Mobil were worth $1,336,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Patron Partners LLC raised its holdings in shares of Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after purchasing an additional 2,564 shares during the last quarter. Global Wealth Management Investment Advisory Inc. grew its position in Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after buying an additional 4,578 shares during the period. YHB Investment Advisors Inc. grew its position in Exxon Mobil by 5.9% during the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after buying an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after buying an additional 380,399 shares during the period. Finally, Blair William & Co. IL grew its position in Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after buying an additional 379,747 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. TD Cowen dropped their price target on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday, November 4th. BMO Capital Markets upped their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Truist Financial dropped their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Performance

XOM opened at $119.31 on Monday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $524.38 billion, a PE ratio of 14.86, a P/E/G ratio of 5.00 and a beta of 0.90. The firm has a 50 day moving average of $118.49 and a two-hundred day moving average of $116.39.

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

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.32%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.