General American Investors Co. Inc. raised its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 51.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,100 shares of the oil and gas company's stock after acquiring an additional 48,000 shares during the period. General American Investors Co. Inc.'s holdings in Exxon Mobil were worth $16,540,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in XOM. Price T Rowe Associates Inc. MD raised its holdings in shares of Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock worth $5,249,607,000 after buying an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Exxon Mobil by 11.3% in 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 buying an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 buying an additional 5,330,887 shares in the last quarter. Legal & General Group Plc grew its position in Exxon Mobil by 19.3% during 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 last quarter. Finally, Capital International Investors grew its position in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Morgan Stanley decreased their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. One equities 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $129.95.
Get Our Latest Research Report on XOM
Exxon Mobil Trading Down 0.0 %
Shares of NYSE:XOM traded down $0.04 during midday trading on Friday, hitting $121.11. The company had a trading volume of 12,830,262 shares, compared to its average volume of 16,383,987. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. 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 stock has a market cap of $477.54 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 4.96 and a beta of 0.90. The firm has a fifty day simple moving average of $117.78 and a 200 day simple moving average of $116.36.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm's revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.97 EPS for the current year.
Exxon Mobil Increases Dividend
The firm 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 dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.27%. 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 dividend payout ratio (DPR) is presently 47.32%.
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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