Barnes Pettey Financial Advisors LLC Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Barnes Pettey Financial Advisors LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.6% during the third quarter, HoldingsChannel reports. The firm owned 6,530 shares of the oil and gas company’s stock after purchasing an additional 102 shares during the period. Barnes Pettey Financial Advisors LLC’s holdings in Exxon Mobil were worth $765,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the 1st quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter worth $35,000. Anfield Capital Management LLC boosted its stake in 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 worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil during the 2nd quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC lifted its stake in shares of 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 worth $43,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $118.96 on Tuesday. The company has a fifty day moving average of $117.55 and a two-hundred day moving average of $116.41. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a market capitalization of $469.04 billion, a PE ratio of 14.58, a P/E/G ratio of 5.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Barclays reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Wolfe Research started coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Finally, Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.44.

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.