Pure Portfolios Holdings LLC Invests $316,000 in Exxon Mobil Co. (NYSE:XOM)

Pure Portfolios Holdings LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,700 shares of the oil and gas company’s stock, valued at approximately $316,000.

Other hedge funds have also modified their holdings of the company. Werba Rubin Papier Wealth Management increased its position in Exxon Mobil by 4.0% during the third quarter. Werba Rubin Papier Wealth Management now owns 14,242 shares of the oil and gas company’s stock worth $1,669,000 after buying an additional 554 shares during the last quarter. CNB Bank increased its position in Exxon Mobil by 4.1% during the third quarter. CNB Bank now owns 31,002 shares of the oil and gas company’s stock worth $3,634,000 after buying an additional 1,232 shares during the last quarter. DMC Group LLC grew its position in shares of Exxon Mobil by 3.3% in the third quarter. DMC Group LLC now owns 10,110 shares of the oil and gas company’s stock valued at $1,185,000 after purchasing an additional 324 shares during the last quarter. Cedrus LLC grew its position in shares of Exxon Mobil by 12.0% in the third quarter. Cedrus LLC now owns 12,034 shares of the oil and gas company’s stock valued at $1,411,000 after purchasing an additional 1,289 shares during the last quarter. Finally, New Century Financial Group LLC grew its position in shares of Exxon Mobil by 5.9% in the third quarter. New Century Financial Group LLC now owns 6,720 shares of the oil and gas company’s stock valued at $788,000 after purchasing an additional 373 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.3 %

Shares of XOM opened at $120.01 on Monday. The stock has a market cap of $473.20 billion, a price-to-earnings ratio of 14.71, a P/E/G 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. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a 50-day moving average price of $117.39 and a two-hundred day moving average price of $116.47.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on XOM shares. UBS Group lowered their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 8th. Wolfe Research started coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Sanford C. Bernstein lowered their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average 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.