Heirloom Wealth Management Has $6.76 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Heirloom Wealth Management raised its stake in Exxon Mobil Co. (NYSE:XOM) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,674 shares of the oil and gas company’s stock after purchasing an additional 862 shares during the quarter. Exxon Mobil accounts for about 2.1% of Heirloom Wealth Management’s portfolio, making the stock its 18th biggest position. Heirloom Wealth Management’s holdings in Exxon Mobil were worth $6,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of XOM. Ellsworth Advisors LLC raised its holdings in shares of Exxon Mobil by 1.2% in the third quarter. Ellsworth Advisors LLC now owns 24,504 shares of the oil and gas company’s stock valued at $2,872,000 after purchasing an additional 284 shares during the last quarter. Leverty Financial Group LLC bought a new stake in Exxon Mobil in the 3rd quarter worth about $236,000. Drake & Associates LLC increased its stake in Exxon Mobil by 11.2% in the 3rd quarter. Drake & Associates LLC now owns 2,019 shares of the oil and gas company’s stock valued at $237,000 after buying an additional 203 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of Exxon Mobil by 8.3% during the 3rd quarter. Trust Co. of Vermont now owns 114,784 shares of the oil and gas company’s stock worth $13,455,000 after buying an additional 8,832 shares in the last quarter. Finally, Cardinal Capital Management boosted its stake in shares of Exxon Mobil by 0.7% in the 3rd quarter. Cardinal Capital Management now owns 111,746 shares of the oil and gas company’s stock worth $13,099,000 after buying an additional 780 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.3 %

Shares of Exxon Mobil stock opened at $120.00 on Friday. The company’s 50-day moving average price is $117.39 and its 200-day moving average price is $116.51. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a market cap of $473.16 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.17%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Mizuho increased their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Sanford C. Bernstein lowered their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Finally, Morgan Stanley decreased their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil 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.