Plato Investment Management Ltd Purchases 1,368 Shares of Exxon Mobil Co. (NYSE:XOM)

Plato Investment Management Ltd lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,424 shares of the oil and gas company’s stock after acquiring an additional 1,368 shares during the quarter. Exxon Mobil makes up about 0.7% of Plato Investment Management Ltd’s investment portfolio, making the stock its 22nd largest position. Plato Investment Management Ltd’s holdings in Exxon Mobil were worth $8,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. WFA Asset Management Corp raised its position in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Exxon Mobil in the first quarter valued at about $933,000. Empowered Funds LLC increased its holdings in Exxon Mobil by 5.6% in the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after purchasing an additional 49,083 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in Exxon Mobil by 23.4% in the first quarter. Lord Abbett & CO. LLC now owns 2,918,680 shares of the oil and gas company’s stock valued at $339,267,000 after purchasing an additional 552,817 shares during the last quarter. Finally, Wilkins Investment Counsel Inc. increased its holdings in Exxon Mobil by 176.3% in the first quarter. Wilkins Investment Counsel Inc. now owns 60,694 shares of the oil and gas company’s stock valued at $7,055,000 after purchasing an additional 38,729 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.1 %

XOM stock opened at $120.57 on Friday. 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 $529.92 billion, a P/E ratio of 15.01, a P/E/G ratio of 5.09 and a beta of 0.90. The business has a 50-day moving average of $118.21 and a 200-day moving average of $116.38. 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 quarterly earnings results 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm posted $2.27 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.28%. Exxon Mobil’s dividend payout ratio is 47.32%.

Wall Street Analyst Weigh In

A number of research firms recently commented on XOM. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Mizuho upped their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Monday, November 4th. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, BMO Capital Markets upped their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.95.

About Exxon Mobil

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.