Spinnaker Investment Group LLC Purchases 188 Shares of Exxon Mobil Co. (NYSE:XOM)

Spinnaker Investment Group LLC boosted its position in Exxon Mobil Co. (NYSE:XOM) by 6.8% during the third quarter, HoldingsChannel.com reports. The fund owned 2,972 shares of the oil and gas company’s stock after buying an additional 188 shares during the quarter. Spinnaker Investment Group LLC’s holdings in Exxon Mobil were worth $348,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Etfidea LLC boosted its holdings in Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC lifted its position in shares of Exxon Mobil by 0.6% during the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after purchasing an additional 86 shares in the last quarter. Integral Investment Advisors Inc. boosted its holdings in Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after purchasing an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 87 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its stake in Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after buying an additional 87 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $119.31 on Friday. The firm’s 50 day simple moving average is $118.49 and its 200 day simple moving average is $116.39. 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 1-year low of $95.77 and a 1-year high of $126.34. The firm has a market capitalization 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.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the business posted $2.27 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Ratings Changes

A number of brokerages recently commented on XOM. JPMorgan Chase & Co. lifted their price target on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. TD Cowen lowered their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Mizuho increased their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price 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.