BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 12.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 748,504 shares of the oil and gas company's stock after selling 110,722 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Exxon Mobil were worth $87,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Widmann Financial Services Inc. increased its stake in shares of Exxon Mobil by 0.3% in the third quarter. Widmann Financial Services Inc. now owns 28,477 shares of the oil and gas company's stock worth $3,338,000 after purchasing an additional 97 shares in the last quarter. Encompass More Asset Management purchased a new stake in Exxon Mobil in the 3rd quarter worth $273,000. White Knight Strategic Wealth Advisors LLC bought a new stake in Exxon Mobil during the third quarter valued at about $278,000. Fred Alger Management LLC lifted its position in shares of Exxon Mobil by 5.2% in the third quarter. Fred Alger Management LLC now owns 103,577 shares of the oil and gas company's stock valued at $12,141,000 after acquiring an additional 5,156 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Exxon Mobil by 1.7% during the third quarter. Captrust Financial Advisors now owns 1,433,952 shares of the oil and gas company's stock worth $168,088,000 after purchasing an additional 24,428 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 0.3 %

Shares of NYSE XOM traded up $0.30 during midday trading on Friday, hitting $117.96. The company's stock had a trading volume of 9,426,499 shares, compared to its average volume of 16,249,330. The business's 50 day moving average is $119.76 and its two-hundred day moving average is $116.57. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $518.45 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 4.94 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $2.27 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.94 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. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change 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 3.36%. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

Analysts Set New Price Targets

Several research firms have weighed in on XOM. Redburn Atlantic restated a "neutral" rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada reduced their price target on shares of Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a report on Tuesday. Evercore ISI raised shares of Exxon Mobil to a "strong-buy" rating in a report on Monday, August 5th. UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Finally, Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.95.

Exxon Mobil Company Profile

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.