RIA Advisory Group LLC Invests $1.28 Million in Exxon Mobil Co. (NYSE:XOM)

RIA Advisory Group LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,912 shares of the oil and gas company’s stock, valued at approximately $1,279,000.

A number of other institutional investors have also modified their holdings of XOM. Natixis Advisors LLC boosted its position in shares of Exxon Mobil by 18.2% in the 3rd quarter. Natixis Advisors LLC now owns 3,034,545 shares of the oil and gas company’s stock worth $355,709,000 after buying an additional 467,119 shares in the last quarter. Northeast Financial Group Inc. increased its position in Exxon Mobil by 3.5% during the 3rd quarter. Northeast Financial Group Inc. now owns 8,109 shares of the oil and gas company’s stock worth $951,000 after purchasing an additional 272 shares in the last quarter. TSA Wealth Managment LLC increased its position in Exxon Mobil by 11.3% during the 3rd quarter. TSA Wealth Managment LLC now owns 2,067 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 210 shares in the last quarter. Altrius Capital Management Inc grew its position in Exxon Mobil by 1.1% in the third quarter. Altrius Capital Management Inc now owns 39,251 shares of the oil and gas company’s stock valued at $4,601,000 after acquiring an additional 408 shares in the last quarter. Finally, KCM Investment Advisors LLC grew its position in Exxon Mobil by 0.5% in the third quarter. KCM Investment Advisors LLC now owns 33,109 shares of the oil and gas company’s stock valued at $3,881,000 after acquiring an additional 173 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.0 %

NYSE XOM traded down $1.25 on Friday, hitting $119.31. The stock had a trading volume of 19,051,713 shares, compared to its average volume of 16,335,525. The stock has a market cap of $524.38 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 5.09 and a beta of 0.90. The business’s fifty day moving average price is $118.49 and its 200 day moving average price is $116.40. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week 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.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the business posted $2.27 EPS. Exxon Mobil’s revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. Exxon Mobil’s payout ratio is 47.32%.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Wells Fargo & Company boosted their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, November 4th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

About Exxon Mobil

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.