Signature Estate & Investment Advisors LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Signature Estate & Investment Advisors LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,490 shares of the oil and gas company’s stock after purchasing an additional 376 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Exxon Mobil were worth $2,519,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of XOM. Patron Partners LLC increased its holdings in Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after buying an additional 2,564 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in shares of Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after purchasing an additional 4,578 shares in the last quarter. YHB Investment Advisors Inc. raised its holdings in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after purchasing an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after purchasing an additional 380,399 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in Exxon Mobil by 64.6% in the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after purchasing an additional 379,747 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XOM. Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. TD Cowen lowered their price objective on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have issued 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, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Price Performance

Shares of XOM opened at $120.57 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a market cap of $529.92 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 5.09 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $118.21 and its two-hundred day moving average price is $116.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is currently 47.32%.

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.