ASB Consultores LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

ASB Consultores LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 5.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,516 shares of the oil and gas company’s stock after acquiring an additional 397 shares during the period. ASB Consultores LLC’s holdings in Exxon Mobil were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in XOM. WFA Asset Management Corp lifted its holdings in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares during the period. China Universal Asset Management Co. Ltd. purchased a new position in Exxon Mobil during the 1st quarter worth $933,000. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Exxon Mobil by 4.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 152,629 shares of the oil and gas company’s stock valued at $17,742,000 after acquiring an additional 5,842 shares in the last quarter. BNP Paribas acquired a new position in shares of Exxon Mobil during the first quarter worth about $17,153,000. Finally, St. Louis Trust Co raised its holdings in Exxon Mobil by 2.0% during the first quarter. St. Louis Trust Co now owns 37,262 shares of the oil and gas company’s stock worth $4,331,000 after purchasing an additional 729 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $118.96 on Wednesday. The company has a market cap of $469.06 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 4.79 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $117.69 and a two-hundred day moving average price of $116.33. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 7.99 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analysts Set New Price Targets

Several equities analysts have issued reports on XOM shares. Sanford C. Bernstein dropped their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Truist Financial reduced their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, The Goldman Sachs Group upped their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.