Lavaca Capital LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Lavaca Capital LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 53,996 shares of the oil and gas company’s stock after purchasing an additional 200 shares during the period. Exxon Mobil comprises about 2.7% of Lavaca Capital LLC’s investment portfolio, making the stock its 5th biggest position. Lavaca Capital LLC’s holdings in Exxon Mobil were worth $6,329,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XOM. Patron Partners LLC raised its holdings in Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after acquiring an additional 2,564 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its holdings in Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after purchasing an additional 4,578 shares in the last quarter. YHB Investment Advisors Inc. boosted its stake in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after purchasing an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after buying an additional 380,399 shares in the last quarter. Finally, Blair William & Co. IL raised its position in shares of Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after buying an additional 379,747 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 0.3 %

Shares of NYSE XOM opened at $117.96 on Friday. The business’s 50 day moving average price is $119.76 and its 200-day moving average price is $116.57. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. 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 company has a market cap of $518.45 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 4.95 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 for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.36%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Royal Bank of Canada dropped their target price on shares of Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. One 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

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.