25 LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,423 shares of the oil and gas company's stock, valued at approximately $261,000.
Several other institutional investors and hedge funds have also bought and sold shares of XOM. Vertex Planning Partners LLC grew its holdings in shares of Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock valued at $326,000 after purchasing an additional 83 shares during the last quarter. Etfidea LLC boosted its position in Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock valued at $307,000 after purchasing an additional 85 shares during the period. First Heartland Consultants Inc. grew its stake in Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company's stock worth $1,108,000 after buying an additional 87 shares during the last quarter. Latitude Advisors LLC lifted its stake in Exxon Mobil by 0.7% in the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company's stock valued at $1,568,000 after buying an additional 88 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC increased its holdings in shares of Exxon Mobil by 0.6% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company's stock worth $1,704,000 after acquiring an additional 88 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
XOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Redburn Atlantic reissued a "neutral" rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Bank of America began 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. BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $128.84.
Get Our Latest Stock Report on XOM
Exxon Mobil Trading Up 0.9 %
Shares of Exxon Mobil stock traded up $1.05 during trading on Friday, hitting $112.37. The stock had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a 50 day simple moving average of $112.56 and a 200 day simple moving average of $115.51. 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 company has a market capitalization of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91.
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. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company's revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 EPS. On average, research analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. 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 3.52%. The ex-dividend date was Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.
About Exxon Mobil
(
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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