Exxon Mobil Co. (NYSE:XOM) Shares Bought by Old North State Wealth Management LLC

Old North State Wealth Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.6% during the third quarter, Holdings Channel.com reports. The firm 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.

Other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Exxon Mobil by 532.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the period. Primecap Management Co. CA purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $980,210,000. International Assets Investment Management LLC increased its holdings in 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 raised its position in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Exxon Mobil by 16.9% during the second 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. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $118.61 on Tuesday. The business has a 50 day moving average price of $117.67 and a 200 day moving average price of $116.33. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market cap 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 Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the business posted $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 8.01 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. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. 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 is currently 45.45%.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Bank of America assumed coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Finally, TD Cowen decreased their price target on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Company 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.