Paradigm Capital Management LLC NV Buys Shares of 14,017 Exxon Mobil Co. (NYSE:XOM)

Paradigm Capital Management LLC NV bought a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,017 shares of the oil and gas company's stock, valued at approximately $1,643,000. Exxon Mobil makes up approximately 1.6% of Paradigm Capital Management LLC NV's investment portfolio, making the stock its 19th biggest position.

Several other hedge funds have also recently bought and sold shares of the business. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC boosted its holdings in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil during the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM traded up $0.30 on Friday, hitting $117.96. 9,426,499 shares of the company's stock were exchanged, compared to its average volume of 14,050,405. 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 fifty day moving average of $119.76 and a two-hundred day moving average of $116.57. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a market cap of $518.45 billion, a PE ratio of 14.69, a P/E/G ratio of 4.95 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $2.27 earnings per share. On average, research analysts anticipate 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. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend 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 payout ratio is 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Redburn Atlantic reaffirmed a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Morgan Stanley dropped their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Finally, UBS Group dropped their price objective on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.