Diversify Advisory Services LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Diversify Advisory Services LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,822 shares of the oil and gas company’s stock after purchasing an additional 518 shares during the quarter. Diversify Advisory Services LLC’s holdings in Exxon Mobil were worth $5,048,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XOM. Mirador Capital Partners LP raised its holdings in shares of Exxon Mobil by 4.9% in the 1st quarter. Mirador Capital Partners LP now owns 9,214 shares of the oil and gas company’s stock worth $1,071,000 after purchasing an additional 434 shares during the period. Aviance Capital Partners LLC raised its holdings in shares of Exxon Mobil by 21.6% in the 1st quarter. Aviance Capital Partners LLC now owns 45,366 shares of the oil and gas company’s stock worth $5,273,000 after purchasing an additional 8,070 shares during the period. Caerus Investment Advisors LLC purchased a new position in shares of Exxon Mobil in the 1st quarter worth about $228,000. Udine Wealth Management Inc. purchased a new position in shares of Exxon Mobil in the 1st quarter worth about $1,823,000. Finally, Kowal Investment Group LLC raised its holdings in shares of Exxon Mobil by 22.0% in the 1st quarter. Kowal Investment Group LLC now owns 12,172 shares of the oil and gas company’s stock worth $1,415,000 after purchasing an additional 2,199 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. Morgan Stanley dropped their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. BMO Capital Markets raised their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Finally, Mizuho raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Price Performance

Shares of XOM opened at $116.80 on Thursday. The firm has a market cap of $460.52 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 5.00 and a beta of 0.89. The stock has a 50 day moving average of $117.66 and a 200-day moving average of $116.39. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.25%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Exxon Mobil Company 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.