RBO & Co. LLC Grows Position in Exxon Mobil Co. (NYSE:XOM)

RBO & Co. LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,692 shares of the oil and gas company’s stock after purchasing an additional 391 shares during the period. Exxon Mobil accounts for about 2.3% of RBO & Co. LLC’s holdings, making the stock its 21st biggest position. RBO & Co. LLC’s holdings in Exxon Mobil were worth $14,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Patron Partners LLC increased its position in shares of Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after buying an additional 2,564 shares during the period. Global Wealth Management Investment Advisory Inc. grew its stake in Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after acquiring an additional 4,578 shares in the last quarter. YHB Investment Advisors Inc. increased its holdings in Exxon Mobil by 5.9% during 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 period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after purchasing an additional 380,399 shares in the last quarter. Finally, Blair William & Co. IL boosted its holdings 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 valued at $111,392,000 after purchasing an additional 379,747 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $117.98 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $119.61 and its 200 day simple moving average is $116.56. The firm has a market cap of $518.53 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 5.04 and a beta of 0.90. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its 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 net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the business earned $2.27 earnings per share. The business’s revenue was down .8% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.36%. Exxon Mobil’s payout ratio is presently 49.32%.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. The Goldman Sachs Group lifted their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. TD Cowen upped their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Mizuho lifted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One equities 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

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.