Bridgewater Advisors Inc. Purchases 291 Shares of Exxon Mobil Co. (NYSE:XOM)

Bridgewater Advisors Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,919 shares of the oil and gas company’s stock after buying an additional 291 shares during the period. Bridgewater Advisors Inc.’s holdings in Exxon Mobil were worth $5,385,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XOM. WFA Asset Management Corp increased its position in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $933,000. GSA Capital Partners LLP bought a new position in shares of Exxon Mobil in the 1st quarter valued at about $891,000. Commerce Bank grew its position in Exxon Mobil by 1.5% in the first quarter. Commerce Bank now owns 821,902 shares of the oil and gas company’s stock worth $95,538,000 after acquiring an additional 11,795 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Exxon Mobil by 9.4% during the first quarter. Rehmann Capital Advisory Group now owns 29,677 shares of the oil and gas company’s stock worth $3,450,000 after acquiring an additional 2,546 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XOM. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. The Goldman Sachs Group lifted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. One investment 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 stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Price Performance

Shares of XOM stock opened at $121.15 on Friday. The stock has a market capitalization of $477.70 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 4.96 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a fifty day simple moving average of $117.78 and a two-hundred day simple moving average of $116.36.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 7.97 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared 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 represents a $3.96 annualized dividend and a dividend yield of 3.27%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 47.32%.

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.