Exxon Mobil Co. (NYSE:XOM) Shares Acquired by River Global Investors LLP

River Global Investors LLP grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,499 shares of the oil and gas company’s stock after purchasing an additional 2,995 shares during the period. Exxon Mobil comprises about 1.0% of River Global Investors LLP’s holdings, making the stock its 22nd biggest holding. River Global Investors LLP’s holdings in Exxon Mobil were worth $4,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Etfidea LLC raised its position in shares of Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 85 shares during the period. Bigelow Investment Advisors LLC raised its holdings in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after acquiring an additional 86 shares during the period. Integral Investment Advisors Inc. lifted its position in Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after acquiring an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC increased its stake in shares of Exxon Mobil by 7.0% in the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $120.47 on Tuesday. The business’s fifty day moving average is $117.91 and its two-hundred day moving average is $116.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $529.48 billion, a P/E ratio of 15.00, a P/E/G ratio of 5.08 and a beta of 0.90. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the company posted $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. Exxon Mobil’s payout ratio is presently 47.32%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XOM. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. BMO Capital Markets upped their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. upped their target price on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

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.