B. Metzler seel. Sohn & Co. Holding AG bought a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 145,506 shares of the oil and gas company's stock, valued at approximately $17,056,000.
Several other institutional investors have also recently made changes to their positions in XOM. Massachusetts Financial Services Co. MA grew its stake in shares of Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company's stock worth $1,935,779,000 after acquiring an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of Exxon Mobil in the 2nd quarter worth $980,210,000. International Assets Investment Management LLC grew its stake in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company's stock worth $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Capital International Investors grew its stake in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares in the last quarter. Institutional investors own 61.80% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on XOM. BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target for the company. UBS Group reduced their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. Finally, Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $130.21.
Check Out Our Latest Analysis on XOM
Exxon Mobil Price Performance
Shares of XOM stock traded down $1.71 during trading hours on Tuesday, reaching $118.60. The stock had a trading volume of 11,579,403 shares, compared to its average volume of 16,304,970. The stock's fifty day simple moving average is $118.59 and its 200 day simple moving average is $116.42. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a market capitalization of $521.26 billion, a PE ratio of 14.82, a PEG ratio of 5.00 and a beta of 0.90.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) 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 business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the business posted $2.27 earnings per share. Exxon Mobil's revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.
Exxon Mobil Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.34%. Exxon Mobil's payout ratio is presently 49.32%.
Exxon Mobil Profile
(
Free Report)
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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