Executive Wealth Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 361.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,102 shares of the oil and gas company's stock after acquiring an additional 42,390 shares during the period. Executive Wealth Management LLC's holdings in Exxon Mobil were worth $6,342,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Exxon Mobil by 532.8% in the 2nd 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 buying an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA purchased a new stake in shares of Exxon Mobil in the second 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. Dimensional Fund Advisors LP raised its position in shares of 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 during the last quarter. Finally, Legal & General Group Plc boosted its stake in Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Institutional investors own 61.80% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on XOM. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Royal Bank of Canada reduced their target price on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating for the company in a report on Tuesday, November 26th. Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. lifted their price objective on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Finally, Redburn Atlantic reiterated a "neutral" rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.
Read Our Latest Report on XOM
Exxon Mobil Price Performance
Shares of XOM stock traded down $0.22 on Tuesday, hitting $112.68. 20,989,454 shares of the stock traded hands, compared to its average volume of 16,251,600. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $119.68 and a two-hundred day simple moving average of $116.47. The firm has a market cap of $495.24 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 4.77 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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. 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 the consensus estimate of $93.98 billion. During the same quarter last year, the company earned $2.27 EPS. The firm's quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal 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 issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.51%. 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. Exxon Mobil's payout ratio is 49.32%.
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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