Exxon Mobil Co. (NYSE:XOM) Stake Raised by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 30,660 shares of the oil and gas company’s stock after purchasing an additional 1,972 shares during the period. Exxon Mobil accounts for approximately 0.9% of Strengthening Families & Communities LLC’s portfolio, making the stock its 26th biggest holding. Strengthening Families & Communities LLC’s holdings in Exxon Mobil were worth $3,594,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Exxon Mobil by 532.8% during the second 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 during the period. Primecap Management Co. CA acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at $980,210,000. International Assets Investment Management LLC boosted its stake 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 period. Capital International Investors grew its holdings in shares of Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Exxon Mobil by 16.9% in the second 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. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XOM shares. Redburn Atlantic restated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Performance

XOM opened at $119.31 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $118.49 and its two-hundred day moving average price is $116.39. The firm has a market capitalization of $524.38 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 5.00 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.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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%. During the same quarter last year, the company posted $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business 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 dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.