Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.2% in the third quarter, Holdings Channel reports. The firm owned 2,139,855 shares of the oil and gas company’s stock after buying an additional 87,096 shares during the period. Exxon Mobil comprises about 0.7% of Zurcher Kantonalbank Zurich Cantonalbank’s portfolio, making the stock its 17th largest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Exxon Mobil were worth $250,834,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp raised its position in shares of Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Exxon Mobil by 29.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock worth $390,000 after buying an additional 762 shares during the period. Austin Wealth Management LLC grew its holdings in shares of Exxon Mobil by 32.3% during the first quarter. Austin Wealth Management LLC now owns 6,680 shares of the oil and gas company’s stock valued at $771,000 after buying an additional 1,629 shares during the last quarter. Invst LLC increased its position in shares of Exxon Mobil by 6.0% in the 1st quarter. Invst LLC now owns 11,163 shares of the oil and gas company’s stock valued at $1,306,000 after acquiring an additional 636 shares during the period. Finally, Cetera Investment Advisers raised its stake in Exxon Mobil by 194.1% in the 1st quarter. Cetera Investment Advisers now owns 1,234,355 shares of the oil and gas company’s stock worth $143,481,000 after acquiring an additional 814,635 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $117.66 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. The firm has a market cap of $517.13 billion, a PE ratio of 14.65, a PEG ratio of 5.04 and a beta of 0.90. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a fifty day moving average of $119.67 and a 200 day moving average of $116.57.

Exxon Mobil (NYSE:XOM) last released its quarterly 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 net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.37%. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 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.