Weiss Asset Management LP purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 239,580 shares of the oil and gas company's stock, valued at approximately $28,084,000. Exxon Mobil comprises approximately 0.7% of Weiss Asset Management LP's holdings, making the stock its 28th largest position.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sax Wealth Advisors LLC raised its stake in Exxon Mobil by 15.1% during the second quarter. Sax Wealth Advisors LLC now owns 15,482 shares of the oil and gas company's stock worth $1,782,000 after buying an additional 2,026 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Exxon Mobil by 2.7% in the 2nd quarter. QRG Capital Management Inc. now owns 677,052 shares of the oil and gas company's stock valued at $77,942,000 after purchasing an additional 17,881 shares during the period. Sendero Wealth Management LLC boosted its position in shares of Exxon Mobil by 0.9% during the 2nd quarter. Sendero Wealth Management LLC now owns 63,743 shares of the oil and gas company's stock valued at $7,338,000 after purchasing an additional 595 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in Exxon Mobil by 13.6% during the second quarter. Wolff Wiese Magana LLC now owns 1,282 shares of the oil and gas company's stock worth $148,000 after purchasing an additional 153 shares during the period. Finally, Optimum Investment Advisors increased its holdings in Exxon Mobil by 7.8% in the second quarter. Optimum Investment Advisors now owns 9,274 shares of the oil and gas company's stock worth $1,068,000 after purchasing an additional 670 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Shares of XOM stock opened at $114.84 on Friday. 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 capitalization of $504.73 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 4.94 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a 50-day simple moving average of $119.81 and a two-hundred day simple moving average of $116.51.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $93.98 billion. During the same period last year, the business posted $2.27 earnings per share. Exxon Mobil's revenue was down .8% on a year-over-year basis. Research analysts anticipate that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued 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 dividend yield of 3.45%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's payout ratio is 49.32%.
XOM has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Mizuho upped their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $129.95.
Get Our Latest Research Report on 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.
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