FORA Capital LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,723 shares of the oil and gas company's stock, valued at approximately $671,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC increased its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $46,000. 61.80% of the stock is owned by institutional investors.
Exxon Mobil Stock Up 0.3 %
Shares of NYSE XOM traded up $0.30 during trading hours on Friday, hitting $117.96. The company had a trading volume of 9,426,499 shares, compared to its average volume of 16,249,330. The stock has a market capitalization of $518.45 billion, a P/E ratio of 14.69, a price-to-earnings-growth ratio of 4.94 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 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 firm's 50 day moving average is $119.76 and its 200-day moving average is $116.57.
Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 EPS. The firm's revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts expect 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 paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is 49.32%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Wells Fargo & Company increased their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Wolfe Research increased their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, TD Cowen upped their price target on Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.
View Our Latest Analysis on XOM
About Exxon Mobil
(
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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