Pacer Advisors Inc. Has $39.31 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Pacer Advisors Inc. increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 335,319 shares of the oil and gas company’s stock after purchasing an additional 13,215 shares during the quarter. Pacer Advisors Inc.’s holdings in Exxon Mobil were worth $39,306,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of analysts recently weighed in on XOM shares. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Mizuho upped their price objective 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. Morgan Stanley reduced their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One equities research 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Stock Down 0.1 %

Shares of XOM stock opened at $121.79 on Friday. The firm’s fifty day moving average price is $119.39 and its two-hundred day moving average price is $116.54. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $535.26 billion, a P/E ratio of 15.17, a PEG ratio of 4.97 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results 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 analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.25%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 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.