Genesee Capital Advisors LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Genesee Capital Advisors LLC acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,077 shares of the oil and gas company’s stock, valued at approximately $534,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $42,000. tru Independence LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $43,000. Lion Street Advisors LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $44,000. Baldrige Asset Management LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $50,000. Finally, USA Financial Portformulas Corp purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $57,000. Institutional investors and hedge funds own 51.66% of the company’s stock.

A number of research analysts have recently commented on the company. Wells Fargo & Company raised their target price on Exxon Mobil from $71.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 1st. Credit Suisse Group restated a “neutral” rating on shares of Exxon Mobil in a research note on Thursday, October 21st. Truist Securities cut Exxon Mobil from a “hold” rating to a “sell” rating and lowered their target price for the company from $66.00 to $50.00 in a research note on Tuesday, November 2nd. The Goldman Sachs Group set a $71.00 target price on Exxon Mobil in a research note on Monday, November 1st. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a research note on Monday, October 11th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.94.

Exxon Mobil stock opened at $63.48 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.58 and a debt-to-equity ratio of 0.26. Exxon Mobil Co. has a 12 month low of $37.97 and a 12 month high of $66.38. The firm has a market cap of $268.75 billion, a price-to-earnings ratio of -45.67, a PEG ratio of 0.90 and a beta of 1.37. The stock has a fifty day simple moving average of $61.91 and a two-hundred day simple moving average of $59.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Thursday, October 28th. The oil and gas company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.02. Exxon Mobil had a positive return on equity of 8.66% and a negative net margin of 2.39%. The company had revenue of $73.79 billion during the quarter, compared to analyst estimates of $72.05 billion. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Exxon Mobil’s revenue was up 59.7% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Co. will post 5.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 10th. Investors of record on Friday, November 12th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 10th. This represents a $3.52 annualized dividend and a dividend yield of 5.55%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.87. Exxon Mobil’s payout ratio is presently -253.24%.

In other news, Director Michael J. Angelakis acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 3rd. The stock was bought at an average price of $64.00 per share, with a total value of $320,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.05% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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