Prime Capital Investment Advisors LLC Buys 10,451 Shares of Exxon Mobil Co. (NYSE:XOM)

Prime Capital Investment Advisors LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 328,379 shares of the oil and gas company’s stock after acquiring an additional 10,451 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Exxon Mobil were worth $38,493,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Exxon Mobil by 532.8% in the 2nd 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 purchasing an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Exxon Mobil in the second quarter valued at $980,210,000. International Assets Investment Management LLC grew its holdings in shares of Exxon Mobil by 7,761.0% during the third 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 buying an additional 6,805,982 shares during the last quarter. Capital International Investors increased its position in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of 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 acquiring an additional 5,330,887 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XOM shares. Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Barclays cut their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report 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 report on Thursday, October 31st. Finally, UBS Group lowered their target price 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Up 1.0 %

Shares of NYSE XOM opened at $121.50 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $534.00 billion, a PE ratio of 15.13, a P/E/G ratio of 5.05 and a beta of 0.90. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The business’s fifty day moving average price is $118.06 and its 200-day moving average price is $116.34.

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

Exxon Mobil Increases Dividend

The firm also recently disclosed 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.26%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

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.