B. Riley Wealth Advisors Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,650 shares of the oil and gas company's stock after selling 22,828 shares during the quarter. Exxon Mobil makes up approximately 0.9% of B. Riley Wealth Advisors Inc.'s portfolio, making the stock its 13th biggest position. B. Riley Wealth Advisors Inc.'s holdings in Exxon Mobil were worth $32,394,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC grew its stake in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in Exxon Mobil in the second quarter worth approximately $39,000. 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 valued at $43,000 after buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. Institutional investors own 61.80% of the company's stock.
A number of brokerages recently issued reports on XOM. Mizuho increased their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. TD Cowen boosted their price objective on Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Redburn Atlantic restated a "neutral" rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.84.
Check Out Our Latest Stock Report on XOM
Shares of NYSE:XOM opened at $110.84 on Friday. The firm has a market capitalization of $487.15 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 4.70 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company's fifty day moving average price is $118.85 and its 200-day moving average price is $116.38.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same period last year, the firm posted $2.27 EPS. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.57%. Exxon Mobil's payout ratio is currently 49.32%.
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.
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