Detalus Advisors LLC Acquires 554 Shares of Exxon Mobil Co. (NYSE:XOM)

Detalus Advisors LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 14.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,386 shares of the oil and gas company’s stock after buying an additional 554 shares during the period. Detalus Advisors LLC’s holdings in Exxon Mobil were worth $514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Constitution Capital LLC boosted its holdings in shares of Exxon Mobil by 187.9% during the 1st quarter. Constitution Capital LLC now owns 9,500 shares of the oil and gas company’s stock worth $1,104,000 after buying an additional 6,200 shares during the period. Davis Investment Partners LLC lifted its position in Exxon Mobil by 4.1% during the 1st quarter. Davis Investment Partners LLC now owns 29,151 shares of the oil and gas company’s stock worth $3,562,000 after acquiring an additional 1,137 shares during the last quarter. Elevated Capital Advisors LLC boosted its holdings in Exxon Mobil by 2.6% during the first quarter. Elevated Capital Advisors LLC now owns 41,088 shares of the oil and gas company’s stock valued at $4,776,000 after acquiring an additional 1,028 shares during the period. RMR Wealth Builders grew its position in shares of Exxon Mobil by 20.9% in the first quarter. RMR Wealth Builders now owns 29,899 shares of the oil and gas company’s stock valued at $3,476,000 after purchasing an additional 5,165 shares during the last quarter. Finally, Sovereign Financial Group Inc. grew its position in shares of Exxon Mobil by 15.4% in the first quarter. Sovereign Financial Group Inc. now owns 17,935 shares of the oil and gas company’s stock valued at $2,085,000 after purchasing an additional 2,394 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. 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. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Barclays cut their target price 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. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, 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 report on Wednesday, October 9th. One 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $119.60 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The business’s fifty day moving average price is $117.49 and its two-hundred day moving average price is $116.49. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a market capitalization of $471.58 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid 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 was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) 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.