Compass Ion Advisors LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Compass Ion Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 18.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,320 shares of the oil and gas company’s stock after buying an additional 2,499 shares during the quarter. Compass Ion Advisors LLC’s holdings in Exxon Mobil were worth $1,913,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Etfidea LLC raised its holdings in Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC raised its holdings in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after acquiring an additional 86 shares during the last quarter. Integral Investment Advisors Inc. raised its holdings in Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after acquiring an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after buying an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC increased its holdings in shares of Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on XOM shares. Morgan Stanley dropped their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 8th. BMO Capital Markets upped their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Mizuho upped their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Wolfe Research assumed coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Price Performance

XOM opened at $120.01 on Monday. The firm has a market cap of $473.20 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company’s 50-day moving average price is $117.39 and its 200 day moving average price is $116.47. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating 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 company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter last year, the business earned $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. Exxon Mobil’s 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.