Exxon Mobil Co. (NYSE:XOM) Holdings Raised by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,767 shares of the oil and gas company’s stock after acquiring an additional 1,558 shares during the period. Harvest Portfolios Group Inc.’s holdings in Exxon Mobil were worth $1,731,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. WFA Asset Management Corp grew its position in shares of Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Exxon Mobil during the first quarter valued at approximately $933,000. Financial Counselors Inc. lifted its holdings in shares of Exxon Mobil by 19.1% in the 1st quarter. Financial Counselors Inc. now owns 483,955 shares of the oil and gas company’s stock worth $56,255,000 after purchasing an additional 77,750 shares during the last quarter. Pegasus Asset Management Inc. increased its position in Exxon Mobil by 6.3% in the first quarter. Pegasus Asset Management Inc. now owns 8,008 shares of the oil and gas company’s stock worth $931,000 after buying an additional 473 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Exxon Mobil by 6.1% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,831 shares of the oil and gas company’s stock worth $2,654,000 after acquiring an additional 1,303 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $120.95 on Thursday. The firm has a market capitalization of $476.91 billion, a P/E ratio of 15.06, a PEG ratio of 4.96 and a beta of 0.90. The stock has a fifty day moving average of $117.78 and a 200-day moving average of $116.36. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. Equities analysts forecast that Exxon Mobil Co. will post 7.97 EPS for the current fiscal 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 paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on XOM shares. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Morgan Stanley reduced their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, Truist Financial lowered their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.