Old North State Wealth Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,718 shares of the oil and gas company’s stock after purchasing an additional 944 shares during the period. Old North State Wealth Management LLC’s holdings in Exxon Mobil were worth $2,078,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Massachusetts Financial Services Co. MA raised its stake in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Exxon Mobil during the second quarter valued at about $980,210,000. International Assets Investment Management LLC raised its position in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Capital International Investors boosted its stake in Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $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.
Exxon Mobil Stock Up 3.2 %
XOM opened at $118.61 on Tuesday. The company has a fifty day moving average of $117.67 and a two-hundred day moving average of $116.33. 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 fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a market capitalization of $467.68 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 4.86 and a beta of 0.90.
Exxon Mobil Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 45.45%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on XOM. UBS Group decreased their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. TD Cowen reduced their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research note on Monday. Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Morgan Stanley cut their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Barclays reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.
Get Our Latest Report on Exxon Mobil
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.
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