Exxon Mobil Co. (NYSE:XOM) Shares Bought by Veery Capital LLC

Veery Capital LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 2.4% during the third quarter, HoldingsChannel.com reports. The fund owned 5,010 shares of the oil and gas company’s stock after buying an additional 119 shares during the period. Veery Capital LLC’s holdings in Exxon Mobil were worth $587,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at $35,000. Anfield Capital Management LLC boosted its position in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $39,000. POM Investment Strategies LLC increased its holdings in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth approximately $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.0 %

NYSE XOM opened at $119.31 on Friday. The stock’s 50 day simple moving average is $118.49 and its 200 day simple moving average is $116.39. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market cap of $524.38 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share 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. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.32%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XOM. Barclays decreased their target price 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. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley lowered their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, 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 note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have given 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.