Great Valley Advisor Group Inc. Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

by · The Cerbat Gem

Great Valley Advisor Group Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,077 shares of the oil and gas company’s stock after purchasing an additional 10,835 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Exxon Mobil were worth $9,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp increased its stake in Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in Exxon Mobil in the 1st quarter worth $933,000. Keeley Teton Advisors LLC boosted its holdings in shares of Exxon Mobil by 4.8% during the first quarter. Keeley Teton Advisors LLC now owns 2,202 shares of the oil and gas company’s stock worth $256,000 after purchasing an additional 100 shares during the period. Ceeto Capital Group LLC increased its holdings in Exxon Mobil by 5.7% during the 1st quarter. Ceeto Capital Group LLC now owns 18,602 shares of the oil and gas company’s stock valued at $2,162,000 after purchasing an additional 1,000 shares during the period. Finally, Energy Income Partners LLC lifted its holdings in Exxon Mobil by 50.8% in the 1st quarter. Energy Income Partners LLC now owns 422,850 shares of the oil and gas company’s stock worth $49,152,000 after buying an additional 142,521 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group raised their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. TD Cowen lifted their price target on Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday. Mizuho raised their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.21.

Get Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Down 0.1 %

XOM stock opened at $121.79 on Friday. The business’s 50-day moving average is $119.39 and its two-hundred day moving average is $116.54. The company has a market cap of $535.26 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the business posted $2.27 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 7.96 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.25%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

About Exxon Mobil

(Free Report)

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.

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