J.W. Cole Advisors Inc. Acquires 4,668 Shares of Exxon Mobil Co. (NYSE:XOM)

J.W. Cole Advisors Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,869 shares of the oil and gas company's stock after acquiring an additional 4,668 shares during the period. Exxon Mobil accounts for 0.7% of J.W. Cole Advisors Inc.'s investment portfolio, making the stock its 21st biggest position. J.W. Cole Advisors Inc.'s holdings in Exxon Mobil were worth $17,568,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company's stock worth $1,935,779,000 after acquiring an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new position in shares of Exxon Mobil during the second quarter valued at $980,210,000. International Assets Investment Management LLC lifted its stake in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company's stock worth $808,077,000 after buying an additional 6,805,982 shares in the last quarter. Capital International Investors boosted its stake 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 valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Morgan Stanley reduced their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Barclays cut their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. Finally, BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.44.

Exxon Mobil Price Performance

XOM traded down $1.57 during trading on Tuesday, reaching $117.33. 14,726,873 shares of the company traded hands, compared to its average volume of 16,413,107. The company has a market cap of $462.63 billion, a P/E ratio of 14.38, a PEG ratio of 5.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a fifty day simple moving average of $117.60 and a 200 day simple moving average of $116.39.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to analysts' expectations of $90.09 billion. During the same period last year, the company posted $1.94 earnings per share. Exxon Mobil's quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.24%. Exxon Mobil's dividend payout ratio is currently 46.57%.

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.