Second Line Capital LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Second Line Capital LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 15.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,448 shares of the oil and gas company’s stock after acquiring an additional 6,693 shares during the period. Exxon Mobil comprises approximately 1.6% of Second Line Capital LLC’s holdings, making the stock its 13th largest position. Second Line Capital LLC’s holdings in Exxon Mobil were worth $5,913,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hohimer Wealth Management LLC grew its stake in shares of Exxon Mobil by 0.5% during the 3rd quarter. Hohimer Wealth Management LLC now owns 43,944 shares of the oil and gas company’s stock valued at $5,151,000 after acquiring an additional 216 shares during the period. Soltis Investment Advisors LLC lifted its holdings in Exxon Mobil by 149.9% during the third quarter. Soltis Investment Advisors LLC now owns 69,525 shares of the oil and gas company’s stock valued at $8,150,000 after purchasing an additional 41,708 shares in the last quarter. TD Private Client Wealth LLC boosted its position in shares of Exxon Mobil by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 32,005 shares of the oil and gas company’s stock worth $3,752,000 after purchasing an additional 134 shares during the period. Fortem Financial Group LLC purchased a new stake in shares of Exxon Mobil in the third quarter worth $996,000. Finally, Sunbelt Securities Inc. raised its position in shares of Exxon Mobil by 6.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 150,755 shares of the oil and gas company’s stock valued at $17,672,000 after purchasing an additional 9,209 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.2 %

Shares of NYSE XOM opened at $112.68 on Wednesday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business’s 50 day moving average is $119.68 and its two-hundred day moving average is $116.47. The stock has a market capitalization of $495.24 billion, a P/E ratio of 14.03, a PEG ratio of 4.74 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.51%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Morgan Stanley dropped their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Truist Financial dropped their price target 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. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.