Exxon Mobil Co. (NYSE:XOM) Shares Bought by FSA Advisors Inc.

FSA Advisors Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,006 shares of the oil and gas company’s stock after buying an additional 104 shares during the period. FSA Advisors Inc.’s holdings in Exxon Mobil were worth $351,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Red Door Wealth Management LLC boosted its position in Exxon Mobil by 9.7% during the first quarter. Red Door Wealth Management LLC now owns 22,285 shares of the oil and gas company’s stock worth $2,590,000 after acquiring an additional 1,966 shares during the last quarter. Trilogy Capital Inc. lifted its stake in Exxon Mobil by 14.8% in the 1st quarter. Trilogy Capital Inc. now owns 28,926 shares of the oil and gas company’s stock worth $3,362,000 after purchasing an additional 3,727 shares in the last quarter. D.B. Root & Company LLC boosted its holdings in shares of Exxon Mobil by 5.9% during the 1st quarter. D.B. Root & Company LLC now owns 22,772 shares of the oil and gas company’s stock worth $2,647,000 after purchasing an additional 1,276 shares during the last quarter. Sandy Cove Advisors LLC grew its position in shares of Exxon Mobil by 39.7% in the first quarter. Sandy Cove Advisors LLC now owns 6,472 shares of the oil and gas company’s stock valued at $752,000 after purchasing an additional 1,839 shares in the last quarter. Finally, Fiduciary Alliance LLC increased its holdings in shares of Exxon Mobil by 0.9% in the first quarter. Fiduciary Alliance LLC now owns 14,763 shares of the oil and gas company’s stock valued at $1,727,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $117.33 on Wednesday. The company’s 50 day moving average is $117.60 and its two-hundred day moving average is $116.39. The firm has a market cap of $462.63 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89. 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 Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the business posted $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.24%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XOM. Bank of America began coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Truist Financial cut their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Sanford C. Bernstein decreased their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up 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 assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.44.

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.