Consilium Wealth Advisory LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,448 shares of the oil and gas company's stock, valued at approximately $990,000.
Other hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in Exxon Mobil by 532.8% in the second 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 purchasing an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA purchased a new position in Exxon Mobil during the 2nd quarter worth $980,210,000. International Assets Investment Management LLC increased its holdings in shares of Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company's stock valued at $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Capital International Investors raised its position 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 valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 5,330,887 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on XOM. Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Scotiabank upgraded shares of 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 research note on Thursday, October 10th. Royal Bank of Canada restated a "sector perform" rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday. Finally, UBS Group cut their price target 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $129.95.
Read Our Latest Stock Report on Exxon Mobil
Exxon Mobil Trading Down 0.0 %
Exxon Mobil stock traded down $0.04 during trading on Friday, hitting $121.11. The company had a trading volume of 12,832,036 shares, compared to its average volume of 16,383,987. The stock has a market cap of $477.54 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 4.96 and a beta of 0.90. 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 1-year low of $95.77 and a 1-year high of $126.34. The company's 50 day simple moving average is $117.91 and its 200-day simple moving average is $116.40.
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, beating 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 during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the company posted $2.27 EPS. Exxon Mobil's revenue was down .8% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Co. will post 7.97 EPS for the current fiscal year.
Exxon Mobil Increases Dividend
The business also recently disclosed 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 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 currently 47.32%.
Exxon Mobil Company 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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