Erste Asset Management GmbH 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 47,795 shares of the oil and gas company's stock, valued at approximately $5,536,000.
Other hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC increased its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil in the second quarter worth $39,000. POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the second quarter valued at $46,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Analyst Upgrades and Downgrades
XOM has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Redburn Atlantic restated a "neutral" rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Finally, Royal Bank of Canada dropped their target price on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating for the company in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $129.95.
Get Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Stock Down 0.2 %
NYSE:XOM traded down $0.19 during mid-day trading on Tuesday, hitting $117.66. The company had a trading volume of 11,753,820 shares, compared to its average volume of 16,214,747. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The business has a fifty day simple moving average of $119.78 and a 200-day simple moving average of $116.54. 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 capitalization of $517.13 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 4.95 and a beta of 0.89.
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. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 EPS. Equities analysts forecast that Exxon Mobil Co. will post 7.94 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 issued a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.37%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is currently 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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