Exchange Traded Concepts LLC increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 190,309 shares of the oil and gas company's stock after acquiring an additional 14,058 shares during the quarter. Exchange Traded Concepts LLC's holdings in Exxon Mobil were worth $20,472,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after acquiring an additional 395,218 shares during the period. Geode Capital Management LLC lifted its stake in shares of Exxon Mobil by 1.8% in the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock worth $10,777,735,000 after acquiring an additional 1,622,064 shares during the period. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 16.3% in the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Exxon Mobil by 0.5% in the third 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 during the period. Finally, Fisher Asset Management LLC lifted its stake in Exxon Mobil by 3.4% in the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company's stock valued at $3,422,538,000 after buying an additional 949,875 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on XOM. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $128.84.
View Our Latest Stock Report on Exxon Mobil
Shares of Exxon Mobil stock opened at $108.64 on Monday. The stock has a fifty day simple moving average of $111.56 and a 200 day simple moving average of $115.41. Exxon Mobil Co. has a 12-month low of $99.61 and a 12-month high of $126.34. The company has a market capitalization of $477.48 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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 return on equity of 14.73% and a net margin of 9.61%. The business 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 company posted $2.27 earnings per share. Exxon Mobil's revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.
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.
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