Y Intercept Hong Kong Ltd Has $2.82 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Y Intercept Hong Kong Ltd decreased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 82.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,043 shares of the oil and gas company's stock after selling 110,606 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Exxon Mobil were worth $2,818,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Patron Partners LLC boosted its holdings in shares of Exxon Mobil by 7.4% in the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock valued at $4,294,000 after buying an additional 2,564 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its holdings in Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock worth $5,532,000 after acquiring an additional 4,578 shares during the last quarter. YHB Investment Advisors Inc. boosted its stake in Exxon Mobil by 5.9% in the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock valued at $3,770,000 after acquiring an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock valued at $98,914,000 after purchasing an additional 380,399 shares during the last quarter. Finally, Blair William & Co. IL raised its position in shares of Exxon Mobil by 64.6% during the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock worth $111,392,000 after purchasing an additional 379,747 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. BMO Capital Markets increased their target price 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. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $0.22 during mid-day trading on Tuesday, hitting $112.68. The company's stock had a trading volume of 20,989,454 shares, compared to its average volume of 16,251,600. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock's fifty day moving average price is $119.68 and its two-hundred day moving average price is $116.47. The stock has a market capitalization of $495.24 billion, a P/E ratio of 14.03, a P/E/G ratio of 4.77 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 announced its earnings results 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company 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 dividend of $0.99 per share. 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.51%. Exxon Mobil's dividend payout ratio is currently 49.32%.

About Exxon Mobil

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.