Exxon Mobil Co. (NYSE:XOM) Shares Acquired by BIP Wealth LLC

BIP Wealth LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 27.8% in the third quarter, HoldingsChannel reports. The fund owned 23,621 shares of the oil and gas company’s stock after buying an additional 5,145 shares during the period. BIP Wealth LLC’s holdings in Exxon Mobil were worth $2,769,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Massachusetts Financial Services Co. MA lifted its holdings in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA bought a new stake in Exxon Mobil in the second quarter worth approximately $980,210,000. International Assets Investment Management LLC raised its holdings in Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after buying an additional 6,805,982 shares in the last quarter. Capital International Investors lifted its holdings in Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Redburn Atlantic restated 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. TD Cowen dropped their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Wells Fargo & Company raised their price target on 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 began 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Up 0.9 %

NYSE:XOM opened at $120.33 on Tuesday. The firm has a market capitalization of $528.86 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock’s 50 day moving average price is $118.59 and its two-hundred day moving average price is $116.42.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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. 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 for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the firm posted $2.27 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed 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 represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is a boost 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 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.