Creekside Partners Acquires New Shares in Exxon Mobil Co. (NYSE:XOM)

Creekside Partners acquired a new stake in Exxon Mobil Co. (NYSE:XOM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,713 shares of the oil and gas company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. Vertex Planning Partners LLC raised its holdings in Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after purchasing an additional 83 shares in the last quarter. Etfidea LLC increased its holdings in shares of Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC increased its holdings 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 acquiring an additional 86 shares in the last quarter. Integral Investment Advisors Inc. increased its holdings in shares of 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 valued at $483,000 after acquiring an additional 87 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its position in Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 87 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on XOM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, November 4th. TD Cowen upped their price objective on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Wells Fargo & Company upped their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Stock Performance

Shares of XOM opened at $120.35 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a market capitalization of $528.95 billion, a PE ratio of 14.99, a PEG ratio of 4.97 and a beta of 0.90. The stock has a 50-day simple moving average of $118.96 and a 200-day simple moving average of $116.47.

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, topping 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 business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the company earned $2.27 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, analysts predict 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. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a positive change 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 3.29%. Exxon Mobil’s payout ratio is 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.