Modera Wealth Management LLC Acquires 3,162 Shares of Exxon Mobil Co. (NYSE:XOM)

Modera Wealth Management LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,403 shares of the oil and gas company’s stock after buying an additional 3,162 shares during the period. Modera Wealth Management LLC’s holdings in Exxon Mobil were worth $8,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at about $35,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XOM. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Truist Financial dropped their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Sanford C. Bernstein decreased their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Stock Down 0.4 %

Shares of NYSE:XOM opened at $118.96 on Tuesday. The stock has a market capitalization of $469.04 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89. The stock’s 50-day moving average price is $117.55 and its 200-day moving average price is $116.41. 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 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the company earned $1.94 EPS. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 8.05 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. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.19%. Exxon Mobil’s dividend 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.