Symphony Financial Ltd. Co. Buys 624 Shares of Exxon Mobil Co. (NYSE:XOM)

Symphony Financial Ltd. Co. raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,610 shares of the oil and gas company’s stock after buying an additional 624 shares during the period. Exxon Mobil comprises about 1.5% of Symphony Financial Ltd. Co.’s investment portfolio, making the stock its 18th biggest position. Symphony Financial Ltd. Co.’s holdings in Exxon Mobil were worth $9,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. Patron Partners LLC boosted its stake in Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after buying an additional 2,564 shares in the last quarter. YHB Investment Advisors Inc. lifted its holdings in shares of Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after acquiring an additional 1,836 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after purchasing an additional 380,399 shares during the last quarter. Blair William & Co. IL raised its position in Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after purchasing an additional 379,747 shares during the period. Finally, Haverford Trust Co lifted its stake in Exxon Mobil by 2.8% in the first quarter. Haverford Trust Co now owns 135,391 shares of the oil and gas company’s stock worth $15,738,000 after purchasing an additional 3,680 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on XOM shares. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. BMO Capital Markets boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Barclays cut their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, UBS Group lowered their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

Shares of XOM opened at $120.27 on Thursday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a 50-day simple moving average of $117.49 and a two-hundred day simple moving average of $116.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market capitalization of $474.23 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89.

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

Exxon Mobil Dividend Announcement

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

About Exxon Mobil

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.