Eagle Asset Management Inc. Acquires 1,935 Shares of Exxon Mobil Co. (NYSE:XOM)

Eagle Asset Management Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,484 shares of the oil and gas company’s stock after acquiring an additional 1,935 shares during the period. Eagle Asset Management Inc.’s holdings in Exxon Mobil were worth $7,446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Charles Schwab Investment Management Inc. increased its position in shares of Exxon Mobil by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock valued at $3,652,589,000 after buying an additional 146,374 shares in the last quarter. Blackhawk Capital Partners LLC. raised its holdings in shares of Exxon Mobil by 2.2% in the 3rd quarter. Blackhawk Capital Partners LLC. now owns 33,052 shares of the oil and gas company’s stock valued at $3,874,000 after purchasing an additional 723 shares during the period. Pacer Advisors Inc. lifted its holdings in Exxon Mobil by 4.1% during the 3rd quarter. Pacer Advisors Inc. now owns 335,319 shares of the oil and gas company’s stock valued at $39,306,000 after purchasing an additional 13,215 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Exxon Mobil by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 18,328,008 shares of the oil and gas company’s stock valued at $2,148,409,000 after purchasing an additional 1,512,694 shares during the last quarter. Finally, Integrated Investment Consultants LLC increased its position in Exxon Mobil by 2,590.9% during the third quarter. Integrated Investment Consultants LLC now owns 256,038 shares of the oil and gas company’s stock worth $30,013,000 after acquiring an additional 246,523 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on XOM shares. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Redburn Atlantic restated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. TD Cowen boosted their price objective on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. One 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 company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Trading Down 0.1 %

NYSE XOM opened at $121.79 on Monday. The stock’s fifty day moving average price is $119.39 and its 200-day moving average price is $116.55. 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 stock has a market cap of $535.28 billion, a P/E ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.96 EPS 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. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.25%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend 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.