Vontobel Holding Ltd. Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Vontobel Holding Ltd. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 26.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,290 shares of the oil and gas company’s stock after purchasing an additional 18,230 shares during the quarter. Vontobel Holding Ltd.’s holdings in Exxon Mobil were worth $10,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC boosted its stake in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.3 %

Shares of XOM opened at $120.35 on Friday. The firm has a market cap of $474.54 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $117.37 and its two-hundred day moving average is $116.49. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 earnings per share. Analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.16%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Tuesday, October 8th. Barclays lowered their price objective on shares of 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 lifted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Wolfe Research started coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Finally, Scotiabank upgraded 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

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.