Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Wrapmanager Inc.

Wrapmanager Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 37.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,412 shares of the oil and gas company's stock after purchasing an additional 4,225 shares during the quarter. Wrapmanager Inc.'s holdings in Exxon Mobil were worth $1,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vertex Planning Partners LLC increased its holdings in shares of Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock valued at $326,000 after acquiring an additional 83 shares in the last quarter. Etfidea LLC boosted its position in Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock valued at $307,000 after buying an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC boosted its position in Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock valued at $1,559,000 after buying an additional 86 shares during the last quarter. Integral Investment Advisors Inc. boosted its position in Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock valued at $483,000 after buying an additional 87 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its position in Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock valued at $76,000 after buying an additional 87 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

NYSE XOM traded down $1.85 during mid-day trading on Tuesday, hitting $118.46. The stock had a trading volume of 4,938,124 shares, compared to its average volume of 16,273,606. The firm's 50 day moving average is $118.59 and its 200 day moving average is $116.42. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. 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 stock has a market capitalization of $520.64 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 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 firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the company earned $2.27 EPS. The firm's revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group dropped 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. The Goldman Sachs Group upped their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company upped their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $130.21.

About Exxon Mobil

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.