Isthmus Partners LLC Acquires Shares of 7,722 Exxon Mobil Co. (NYSE:XOM)

Isthmus Partners LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,722 shares of the oil and gas company's stock, valued at approximately $905,000.

Other large investors have also recently made changes to their positions in the company. Northwest & Ethical Investments L.P. grew its stake in shares of Exxon Mobil by 15.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 60,510 shares of the oil and gas company's stock valued at $7,093,000 after purchasing an additional 8,110 shares during the period. Teachers Insurance & Annuity Association of America bought a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $676,000. Vinva Investment Management Ltd boosted its holdings in shares of Exxon Mobil by 17.2% in the third quarter. Vinva Investment Management Ltd now owns 181,105 shares of the oil and gas company's stock worth $20,976,000 after buying an additional 26,579 shares during the last quarter. Elite Wealth Management Inc. grew its position in Exxon Mobil by 19.8% during the third quarter. Elite Wealth Management Inc. now owns 4,232 shares of the oil and gas company's stock valued at $496,000 after buying an additional 700 shares during the period. Finally, Financial Counselors Inc. increased its holdings in Exxon Mobil by 2.1% during the third quarter. Financial Counselors Inc. now owns 589,003 shares of the oil and gas company's stock valued at $69,043,000 after buying an additional 11,925 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock traded up $0.30 during trading hours on Friday, hitting $117.96. The stock had a trading volume of 9,426,499 shares, compared to its average volume of 16,249,330. 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 $518.45 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 4.94 and a beta of 0.90. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock's 50-day moving average price is $119.76 and its two-hundred day moving average price 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. During the same quarter in the previous year, the company posted $2.27 EPS. The company's revenue was down .8% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Co. will post 7.94 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. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is a boost 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 3.36%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Redburn Atlantic reissued a "neutral" rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a report on Friday, October 4th. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. Finally, UBS Group decreased their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $129.95.

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.