Inspirion Wealth Advisors LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Inspirion Wealth Advisors LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 3rd quarter, Holdings Channel reports. The fund owned 6,091 shares of the oil and gas company’s stock after acquiring an additional 100 shares during the period. Inspirion Wealth Advisors LLC’s holdings in Exxon Mobil were worth $714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Mirador Capital Partners LP boosted its stake in Exxon Mobil by 3.0% in the 3rd quarter. Mirador Capital Partners LP now owns 9,254 shares of the oil and gas company’s stock worth $1,085,000 after buying an additional 269 shares during the last quarter. Great Waters Wealth Management boosted its position in shares of Exxon Mobil by 2.5% in the third quarter. Great Waters Wealth Management now owns 4,430 shares of the oil and gas company’s stock worth $519,000 after acquiring an additional 106 shares during the last quarter. Eclectic Associates Inc. ADV grew its holdings in Exxon Mobil by 1.1% in the third quarter. Eclectic Associates Inc. ADV now owns 13,370 shares of the oil and gas company’s stock valued at $1,567,000 after purchasing an additional 147 shares during the period. Seneca House Advisors raised its stake in Exxon Mobil by 5.0% during the third quarter. Seneca House Advisors now owns 2,456 shares of the oil and gas company’s stock worth $288,000 after purchasing an additional 116 shares during the period. Finally, Lwmg LLC boosted its holdings in shares of Exxon Mobil by 666.0% in the 3rd quarter. Lwmg LLC now owns 14,531 shares of the oil and gas company’s stock valued at $1,703,000 after purchasing an additional 12,634 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.8 %

NYSE XOM traded up $2.25 during mid-day trading on Friday, reaching $124.83. 19,759,207 shares of the company’s stock traded hands, compared to its average volume of 16,859,965. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $125.19. The company has a fifty day simple moving average of $116.31 and a 200-day simple moving average of $115.98. The company has a market cap of $492.21 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 4.86 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping 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 business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter last year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analysts Set New Price Targets

A number of analysts have recently commented on XOM shares. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Truist Financial dropped their target price 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. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Morgan Stanley dropped their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $134.18.

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.