OneAscent Financial Services LLC Acquires 112 Shares of Exxon Mobil Co. (NYSE:XOM)

OneAscent Financial Services LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,898 shares of the oil and gas company’s stock after buying an additional 112 shares during the quarter. Exxon Mobil accounts for approximately 1.0% of OneAscent Financial Services LLC’s holdings, making the stock its 19th largest holding. OneAscent Financial Services LLC’s holdings in Exxon Mobil were worth $1,395,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XOM. WFA Asset Management Corp raised its holdings in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in Exxon Mobil during the 1st quarter worth about $933,000. Empowered Funds LLC raised its stake in shares of Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after purchasing an additional 49,083 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 28.9% in the first quarter. Hillsdale Investment Management Inc. now owns 3,252 shares of the oil and gas company’s stock valued at $378,000 after purchasing an additional 730 shares in the last quarter. Finally, Ossiam boosted its position in shares of Exxon Mobil by 1,166.2% during the first quarter. Ossiam now owns 200,000 shares of the oil and gas company’s stock worth $23,248,000 after buying an additional 184,205 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on XOM shares. The Goldman Sachs Group boosted their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Truist Financial cut their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Price Performance

NYSE:XOM opened at $120.33 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $118.59 and its two-hundred day moving average price is $116.42. The firm has a market capitalization of $528.86 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

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

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

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.