Bank of The West grew its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 29.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,637 shares of the oil and gas company’s stock after acquiring an additional 2,410 shares during the quarter. Bank of The West’s holdings in Exxon Mobil were worth $929,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC lifted its holdings in shares of Exxon Mobil by 0.3% in the second quarter. Global Retirement Partners LLC now owns 51,444 shares of the oil and gas company’s stock valued at $4,406,000 after purchasing an additional 156 shares in the last quarter. CTC Capital Management LLC acquired a new position in Exxon Mobil during the third quarter worth approximately $1,807,000. WMG Financial Advisors LLC increased its position in Exxon Mobil by 0.9% during the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after buying an additional 108 shares during the last quarter. Radnor Capital Management LLC grew its position in shares of Exxon Mobil by 0.8% in the second quarter. Radnor Capital Management LLC now owns 157,128 shares of the oil and gas company’s stock valued at $13,456,000 after purchasing an additional 1,241 shares during the last quarter. Finally, Polaris Wealth Advisory Group LLC grew its position in shares of Exxon Mobil by 3,880.2% in the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after purchasing an additional 200,102 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.
Analyst Ratings Changes
XOM has been the subject of several recent analyst reports. StockNews.com upgraded Exxon Mobil from a “hold” rating to a “buy” rating in a research note on Monday. Exane BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price target for the company in a report on Tuesday, November 1st. Citigroup increased their price target on Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. JPMorgan Chase & Co. increased their price objective on shares of Exxon Mobil from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 18th. Finally, BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price target on the stock in a research report on Tuesday, November 1st. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.41.
Insider Activity at Exxon Mobil
Exxon Mobil Price Performance
Shares of NYSE XOM opened at $113.15 on Tuesday. The firm has a market cap of $465.98 billion, a PE ratio of 9.24, a PEG ratio of 0.48 and a beta of 1.11. The firm has a fifty day moving average of $109.54 and a 200 day moving average of $100.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. Exxon Mobil Co. has a one year low of $69.81 and a one year high of $114.66.
Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, topping the consensus estimate of $3.88 by $0.57. The company had revenue of $112.07 billion during the quarter, compared to analyst estimates of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The firm’s revenue was up 51.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 13.87 EPS for the current fiscal year.
Exxon Mobil Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were issued a $0.91 dividend. The ex-dividend date was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.22%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s dividend payout ratio is currently 29.71%.
Exxon Mobil Company Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
- Get a free copy of the StockNews.com research report on Exxon Mobil (XOM)
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