Mayfair Advisory Group LLC Buys 150 Shares of Exxon Mobil Co. (NYSE:XOM)

Mayfair Advisory Group LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 0.7% in the 3rd quarter, Holdings Channel reports. The firm owned 22,259 shares of the oil and gas company’s stock after purchasing an additional 150 shares during the period. Exxon Mobil makes up about 1.8% of Mayfair Advisory Group LLC’s portfolio, making the stock its 13th biggest position. Mayfair Advisory Group LLC’s holdings in Exxon Mobil were worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after acquiring an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. Finally, Capital International Investors increased its stake in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $119.49 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $471.15 billion, a PE ratio of 14.29, a PEG ratio of 5.00 and a beta of 0.89. The firm’s 50-day moving average price is $117.54 and its 200-day moving average price is $116.43. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 45.45%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XOM shares. UBS Group decreased their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. BNP Paribas lowered 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. Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Finally, Scotiabank upgraded shares of 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

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.