5,979 Shares in Exxon Mobil Corporation $XOM Purchased by BCS Private Wealth Management Inc.

BCS Private Wealth Management Inc. purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,979 shares of the oil and gas company’s stock, valued at approximately $645,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elequin Capital LP purchased a new stake in Exxon Mobil in the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its position in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. 1248 Management LLC purchased a new position in Exxon Mobil during the first quarter worth about $40,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil in the 2nd quarter worth about $38,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. Barclays dropped their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Piper Sandler lifted their price target on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a research note on Monday. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $127.89.

Exxon Mobil Stock Performance

Shares of XOM opened at $118.10 on Wednesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $120.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The stock’s fifty day moving average price is $115.18 and its two-hundred day moving average price is $111.94. The firm has a market cap of $498.03 billion, a PE ratio of 17.16, a PEG ratio of 1.47 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $57.55 billion during the quarter. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is 59.88%.

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.