Exxon Mobil Co. (NYSE:XOM) Stock Position Increased by Investment Management Corp of Ontario

Investment Management Corp of Ontario boosted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 279,054 shares of the oil and gas company's stock after buying an additional 81,535 shares during the quarter. Exxon Mobil makes up about 0.7% of Investment Management Corp of Ontario's holdings, making the stock its 21st biggest position. Investment Management Corp of Ontario's holdings in Exxon Mobil were worth $32,711,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of XOM. FMR LLC grew its stake in Exxon Mobil by 0.3% in the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after acquiring an additional 395,218 shares during the period. Bank of New York Mellon Corp lifted its position in 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 acquiring an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 acquiring an additional 5,330,887 shares during the period. Legal & General Group Plc raised its stake in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 0.5% during the 3rd 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 purchasing an additional 146,374 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, BNP Paribas lowered shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Stock Performance

NYSE XOM traded down $0.19 on Tuesday, hitting $117.66. The stock had a trading volume of 11,753,820 shares, compared to its average volume of 16,214,747. The company's 50-day moving average is $119.78 and its two-hundred day moving average is $116.54. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a market cap of $517.13 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 4.95 and a beta of 0.89. 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 (NYSE:XOM - Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts' expectations of $93.98 billion. During the same period last year, the firm earned $2.27 EPS. The firm's revenue 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 year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is currently 49.32%.

Exxon Mobil Company 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.