Exxon Mobil Co. (NYSE:XOM) Shares Purchased by AIA Group Ltd

AIA Group Ltd raised its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 11.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 67,105 shares of the oil and gas company's stock after purchasing an additional 7,061 shares during the quarter. AIA Group Ltd's holdings in Exxon Mobil were worth $7,866,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Patron Partners LLC grew its stake in Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock worth $4,294,000 after purchasing an additional 2,564 shares during the period. Global Wealth Management Investment Advisory Inc. raised its stake in Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock worth $5,532,000 after acquiring an additional 4,578 shares during the period. YHB Investment Advisors Inc. raised its position in shares of Exxon Mobil by 5.9% during the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock valued at $3,770,000 after buying an additional 1,836 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Exxon Mobil by 79.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock valued at $98,914,000 after purchasing an additional 380,399 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock worth $111,392,000 after buying an additional 379,747 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.0 %

XOM stock traded down $0.04 during mid-day trading on Friday, reaching $121.11. The company had a trading volume of 12,835,969 shares, compared to its average volume of 12,575,399. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a market capitalization of $532.29 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 5.07 and a beta of 0.90. The firm has a fifty day simple moving average of $117.91 and a 200 day simple moving average of $116.40.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The firm's revenue was down .8% compared to the same quarter last year. Analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm 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 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 3.27%. Exxon Mobil's payout ratio is 49.32%.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Sanford C. Bernstein dropped their target price on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 17th. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. UBS Group reduced their target price on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research note on Wednesday, September 18th. Finally, TD Cowen reduced their price objective on Exxon Mobil from $130.00 to $127.00 and set a "buy" rating for the company in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.