Wells Trecaso Financial Group LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

Wells Trecaso Financial Group LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,725 shares of the oil and gas company’s stock after buying an additional 157 shares during the period. Exxon Mobil accounts for 2.4% of Wells Trecaso Financial Group LLC’s investment portfolio, making the stock its 15th biggest position. Wells Trecaso Financial Group LLC’s holdings in Exxon Mobil were worth $7,235,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. grew its position in shares of Exxon Mobil by 132.0% in the third quarter. China Universal Asset Management Co. Ltd. now owns 16,119 shares of the oil and gas company’s stock valued at $1,889,000 after purchasing an additional 9,171 shares during the period. Traynor Capital Management Inc. grew its position in shares of Exxon Mobil by 1.1% in the third quarter. Traynor Capital Management Inc. now owns 31,846 shares of the oil and gas company’s stock valued at $3,733,000 after purchasing an additional 348 shares during the period. Smith Group Asset Management LLC grew its position in shares of Exxon Mobil by 1.5% in the third quarter. Smith Group Asset Management LLC now owns 146,482 shares of the oil and gas company’s stock valued at $17,171,000 after purchasing an additional 2,187 shares during the period. Worth Financial Advisory Group LLC grew its position in shares of Exxon Mobil by 7.7% in the third quarter. Worth Financial Advisory Group LLC now owns 9,477 shares of the oil and gas company’s stock valued at $1,111,000 after purchasing an additional 675 shares during the period. Finally, Orrstown Financial Services Inc. grew its position in shares of Exxon Mobil by 116.4% in the third quarter. Orrstown Financial Services Inc. now owns 12,288 shares of the oil and gas company’s stock valued at $1,440,000 after purchasing an additional 6,610 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.4 %

Shares of XOM opened at $116.80 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The stock’s 50-day moving average is $117.66 and its two-hundred day moving average is $116.39. The stock has a market cap of $460.52 billion, a PE ratio of 14.31, a P/E/G ratio of 5.00 and a beta of 0.89.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. UBS Group lowered their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Truist Financial lowered their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

About Exxon Mobil

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.