Prestige Wealth Management Group LLC Has $2.93 Million Position in Exxon Mobil Co. (NYSE:XOM)

Prestige Wealth Management Group LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,016 shares of the oil and gas company’s stock after selling 99 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Exxon Mobil were worth $2,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Austin Private Wealth LLC lifted its stake in Exxon Mobil by 1.3% during the second quarter. Austin Private Wealth LLC now owns 40,593 shares of the oil and gas company’s stock worth $4,673,000 after purchasing an additional 529 shares during the period. Gemmer Asset Management LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $256,000. EWG Elevate Inc. boosted its stake in Exxon Mobil by 12.3% in the 2nd quarter. EWG Elevate Inc. now owns 3,544 shares of the oil and gas company’s stock valued at $408,000 after buying an additional 389 shares in the last quarter. Kure Advisory LLC grew its position in Exxon Mobil by 3.8% in the second quarter. Kure Advisory LLC now owns 2,919 shares of the oil and gas company’s stock valued at $336,000 after acquiring an additional 107 shares during the period. Finally, Burke & Herbert Bank & Trust Co. raised its stake in Exxon Mobil by 146.6% during the second quarter. Burke & Herbert Bank & Trust Co. now owns 79,951 shares of the oil and gas company’s stock worth $9,204,000 after acquiring an additional 47,527 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.6 %

XOM stock opened at $112.92 on Tuesday. 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 twelve month low of $95.77 and a twelve month high of $126.34. The company has a market cap of $496.29 billion, a P/E ratio of 14.06, a PEG ratio of 4.77 and a beta of 0.89. The business has a fifty day moving average of $119.68 and a 200-day moving average of $116.47.

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 for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the previous year, the business posted $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.51%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

Analyst Ratings Changes

Several equities research analysts have recently commented on XOM shares. UBS Group reduced their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. BMO Capital Markets lifted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Finally, Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued 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 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.