Quintet Private Bank Europe S.A. Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Quintet Private Bank Europe S.A. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 14.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 48,971 shares of the oil and gas company’s stock after purchasing an additional 6,259 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Exxon Mobil were worth $5,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of XOM. WFA Asset Management Corp boosted its stake in shares of Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Exxon Mobil in the first quarter worth $933,000. Tokio Marine Asset Management Co. Ltd. boosted its position in Exxon Mobil by 4.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 152,629 shares of the oil and gas company’s stock valued at $17,742,000 after buying an additional 5,842 shares during the period. BNP Paribas bought a new position in shares of Exxon Mobil during the first quarter valued at about $17,153,000. Finally, St. Louis Trust Co increased its holdings in shares of Exxon Mobil by 2.0% in the first quarter. St. Louis Trust Co now owns 37,262 shares of the oil and gas company’s stock worth $4,331,000 after buying an additional 729 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Redburn Atlantic restated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. TD Cowen lowered their price target on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $118.96 on Wednesday. The company’s fifty day moving average price is $117.69 and its 200-day moving average price is $116.33. The stock has a market cap of $469.06 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 4.79 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 12 month low of $95.77 and a 12 month 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 EPS for the quarter, topping 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 business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 7.99 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid 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 of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. Exxon Mobil’s payout ratio is presently 49.32%.

Exxon Mobil 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.