Leavell Investment Management Inc. Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Leavell Investment Management Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 10.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,246 shares of the oil and gas company’s stock after acquiring an additional 6,001 shares during the quarter. Leavell Investment Management Inc.’s holdings in Exxon Mobil were worth $7,648,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC boosted its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC increased its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.0 %

Shares of XOM opened at $121.11 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm’s 50-day simple moving average is $117.91 and its 200 day simple moving average is $116.40. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The firm has a market cap of $532.29 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 5.07 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the firm posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XOM. Morgan Stanley cut their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. TD Cowen reduced their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday, November 4th. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. JPMorgan Chase & Co. raised their price target on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein reduced their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

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.