Evernest Financial Advisors LLC Has $1.61 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Evernest Financial Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 59.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,764 shares of the oil and gas company’s stock after buying an additional 5,139 shares during the quarter. Evernest Financial Advisors LLC’s holdings in Exxon Mobil were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Community Financial Services Group LLC lifted its holdings in Exxon Mobil by 1.9% in the 3rd quarter. Community Financial Services Group LLC now owns 168,384 shares of the oil and gas company’s stock worth $19,738,000 after purchasing an additional 3,113 shares during the last quarter. Plimoth Trust Co. LLC lifted its holdings in Exxon Mobil by 11.6% in the 3rd quarter. Plimoth Trust Co. LLC now owns 48,827 shares of the oil and gas company’s stock worth $5,724,000 after purchasing an additional 5,057 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Exxon Mobil by 8.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 131,683 shares of the oil and gas company’s stock worth $15,436,000 after purchasing an additional 10,075 shares during the last quarter. Whittier Trust Co. lifted its holdings in Exxon Mobil by 0.4% in the 3rd quarter. Whittier Trust Co. now owns 153,037 shares of the oil and gas company’s stock worth $17,939,000 after purchasing an additional 621 shares during the last quarter. Finally, Stewardship Advisors LLC lifted its holdings in Exxon Mobil by 45.5% in the 3rd quarter. Stewardship Advisors LLC now owns 2,817 shares of the oil and gas company’s stock worth $330,000 after purchasing an additional 881 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $120.71 on Wednesday. The business’s fifty day moving average price is $117.47 and its two-hundred day moving average price is $116.47. 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 $475.96 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The business’s 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. Wolfe Research began coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. UBS Group cut their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Wells Fargo & Company upped their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Tuesday, October 8th. Finally, Morgan Stanley cut their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.44.

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.