8,057 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Harbor Advisors LLC

Harbor Advisors LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,057 shares of the oil and gas company’s stock, valued at approximately $944,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC grew its stake in shares of 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 worth $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at about $39,000. POM Investment Strategies LLC lifted its stake in shares of 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 period. Finally, Hershey Financial Advisers LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at about $46,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Down 0.1 %

Shares of NYSE XOM opened at $117.85 on Tuesday. The stock has a 50 day moving average price of $119.76 and a 200 day moving average price of $116.55. The firm has a market capitalization of $517.96 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 4.95 and a beta of 0.89. 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 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted 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. The firm 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%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 dividend yield of 3.36%. 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 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.