Captrust Financial Advisors Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Captrust Financial Advisors raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,433,952 shares of the oil and gas company’s stock after buying an additional 24,428 shares during the quarter. Captrust Financial Advisors’ holdings in Exxon Mobil were worth $168,088,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC grew its holdings in shares of Exxon Mobil by 360.0% during the second 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 during the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $39,000. POM Investment Strategies LLC raised 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 during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.3 %

NYSE:XOM opened at $117.66 on Friday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The business has a fifty day moving average price of $119.70 and a 200-day moving average price of $116.57. The firm has a market capitalization of $517.13 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 4.94 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.37%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XOM. Royal Bank of Canada reduced their target price on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Tuesday. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One research 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 stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.95.

About Exxon Mobil

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.