Stonebrook Private Inc. Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Stonebrook Private Inc. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,550 shares of the oil and gas company’s stock after purchasing an additional 480 shares during the period. Stonebrook Private Inc.’s holdings in Exxon Mobil were worth $768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. Massachusetts Financial Services Co. MA lifted its position in shares of Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at $980,210,000. International Assets Investment Management LLC lifted its position in shares of Exxon Mobil by 7,761.0% during 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 buying an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after buying an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XOM. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $121.79 on Friday. The firm has a market capitalization of $535.26 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The business’s 50-day moving average price is $119.39 and its 200-day moving average price is $116.54. 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 (NYSE:XOM) last issued its earnings results 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. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.96 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.