Beacon Harbor Wealth Advisors Inc. Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Beacon Harbor Wealth Advisors Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the third quarter, Holdings Channel.com reports. The firm owned 59,287 shares of the oil and gas company’s stock after purchasing an additional 1,005 shares during the period. Exxon Mobil makes up 1.7% of Beacon Harbor Wealth Advisors Inc.’s holdings, making the stock its 26th biggest holding. Beacon Harbor Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $6,950,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC boosted its stake 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 valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC raised its holdings 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 valued at $43,000 after acquiring an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.0 %

Shares of XOM stock opened at $121.11 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm’s 50-day simple moving average is $117.91 and its 200-day simple moving average is $116.40. The firm has a market cap of $532.29 billion, a P/E ratio of 15.08, a PEG ratio of 5.07 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on XOM. Mizuho raised their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, November 4th. Sanford C. Bernstein reduced their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.