Certified Advisory Corp Has $1.28 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Certified Advisory Corp lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 4.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,933 shares of the oil and gas company’s stock after purchasing an additional 515 shares during the quarter. Certified Advisory Corp’s holdings in Exxon Mobil were worth $1,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC raised its stake 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 worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth about $39,000. POM Investment Strategies LLC raised its stake in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $121.79 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm has a market capitalization of $535.26 billion, a PE ratio of 15.17, a PEG ratio of 5.10 and a beta of 0.90. The business’s 50 day moving average is $119.39 and its 200-day moving average is $116.54. 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 (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.96 earnings per share 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. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.25%. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Ratings Changes

XOM has been the subject of a number of recent research reports. Barclays cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Morgan Stanley cut their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.21.

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.