Marco Investment Management LLC Acquires 752 Shares of Exxon Mobil Co. (NYSE:XOM)

Marco Investment Management LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the third quarter, Holdings Channel reports. The fund owned 75,874 shares of the oil and gas company’s stock after purchasing an additional 752 shares during the period. Marco Investment Management LLC’s holdings in Exxon Mobil were worth $8,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. WFA Asset Management Corp lifted its position in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Exxon Mobil in the first quarter valued at about $933,000. Earnest Partners LLC grew its stake in shares of Exxon Mobil by 22.3% in the first quarter. Earnest Partners LLC now owns 22,910 shares of the oil and gas company’s stock valued at $2,663,000 after acquiring an additional 4,185 shares in the last quarter. Zurich Insurance Group Ltd FI increased its position in Exxon Mobil by 297.1% during the first quarter. Zurich Insurance Group Ltd FI now owns 1,771,278 shares of the oil and gas company’s stock worth $205,893,000 after acquiring an additional 1,325,220 shares during the period. Finally, Silvercrest Asset Management Group LLC raised its stake in Exxon Mobil by 1.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 624,665 shares of the oil and gas company’s stock worth $72,611,000 after purchasing an additional 6,072 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of analyst reports. TD Cowen increased their target price on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Trading Down 0.1 %

Shares of NYSE XOM opened at $121.79 on Friday. The firm has a 50 day moving average price of $119.39 and a two-hundred day moving average price of $116.54. The stock has a market cap of $535.28 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. 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 (NYSE:XOM) last posted its quarterly earnings data 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. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.27 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.25%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

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.