Verdence Capital Advisors LLC Has $12.42 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Verdence Capital Advisors LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,946 shares of the oil and gas company’s stock after purchasing an additional 2,887 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Verdence Capital Advisors LLC’s holdings in Exxon Mobil were worth $12,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. WFA Asset Management Corp lifted its holdings in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $933,000. Stokes Family Office LLC boosted its stake in shares of Exxon Mobil by 0.8% in the 1st quarter. Stokes Family Office LLC now owns 45,745 shares of the oil and gas company’s stock worth $5,317,000 after buying an additional 352 shares during the last quarter. Motive Wealth Advisors grew its holdings in shares of Exxon Mobil by 62.9% in the first quarter. Motive Wealth Advisors now owns 3,305 shares of the oil and gas company’s stock valued at $384,000 after acquiring an additional 1,276 shares in the last quarter. Finally, AIA Group Ltd increased its position in shares of Exxon Mobil by 50.1% during the first quarter. AIA Group Ltd now owns 48,136 shares of the oil and gas company’s stock valued at $5,595,000 after acquiring an additional 16,061 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on XOM shares. Mizuho boosted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. TD Cowen reduced their price target on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday, November 4th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Performance

NYSE XOM opened at $121.11 on Friday. The company’s 50 day simple moving average is $117.91 and its two-hundred day simple moving average is $116.40. The stock has a market capitalization of $532.29 billion, a PE ratio of 15.08, a P/E/G ratio of 5.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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 return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the company earned $2.27 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

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

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.