Vinva Investment Management Ltd Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Vinva Investment Management Ltd raised its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,105 shares of the oil and gas company's stock after buying an additional 26,579 shares during the quarter. Exxon Mobil comprises about 0.9% of Vinva Investment Management Ltd's investment portfolio, making the stock its 13th biggest position. Vinva Investment Management Ltd's holdings in Exxon Mobil were worth $20,976,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. FMR LLC grew its position in shares of Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock worth $4,640,756,000 after purchasing an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP grew its stake in Exxon Mobil by 16.9% during 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 buying an additional 5,330,887 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of 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 acquiring an additional 5,235,607 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Exxon Mobil by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock valued at $3,652,589,000 after buying an additional 146,374 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on XOM shares. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Wells Fargo & Company lifted their price target 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 report on Wednesday, September 18th. BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. Finally, Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $129.95.

Exxon Mobil Trading Down 0.3 %

Shares of Exxon Mobil stock traded down $0.31 during midday trading on Thursday, reaching $117.66. 11,068,147 shares of the company's stock traded hands, compared to its average volume of 16,278,947. The company has a market cap of $517.13 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 5.04 and a beta of 0.90. The stock has a 50 day moving average of $119.70 and a 200-day moving average of $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 debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $2.27 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. 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 3.37%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

Exxon Mobil 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.