Beacon Financial Advisory LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Beacon Financial Advisory LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,571 shares of the oil and gas company’s stock after buying an additional 860 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Exxon Mobil were worth $1,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the first quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC grew its position in shares of 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 buying an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC lifted its stake in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 1.7 %

Shares of NYSE XOM opened at $120.95 on Thursday. The company has a market cap of $476.91 billion, a PE ratio of 15.06, a P/E/G ratio of 4.96 and a beta of 0.90. 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 firm’s 50 day moving average price is $117.78 and its 200-day moving average price is $116.36. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week 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, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.97 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced 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 is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. Exxon Mobil’s payout ratio is 47.32%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on XOM shares. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their price target on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.95.

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.