Exxon Mobil Co. (NYSE:XOM) Shares Purchased by South Street Advisors LLC

South Street Advisors LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 70.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,727 shares of the oil and gas company’s stock after acquiring an additional 4,020 shares during the quarter. South Street Advisors LLC’s holdings in Exxon Mobil were worth $1,140,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Heritage Investment Group Inc. increased its holdings in shares of Exxon Mobil by 15.4% during the third quarter. Heritage Investment Group Inc. now owns 11,011 shares of the oil and gas company’s stock valued at $1,291,000 after acquiring an additional 1,468 shares in the last quarter. RIA Advisory Group LLC purchased a new stake in Exxon Mobil in the third quarter valued at approximately $1,279,000. Natixis Advisors LLC boosted its position in Exxon Mobil by 18.2% in the third quarter. Natixis Advisors LLC now owns 3,034,545 shares of the oil and gas company’s stock valued at $355,709,000 after buying an additional 467,119 shares during the last quarter. Northeast Financial Group Inc. boosted its position in Exxon Mobil by 3.5% in the third quarter. Northeast Financial Group Inc. now owns 8,109 shares of the oil and gas company’s stock valued at $951,000 after buying an additional 272 shares during the last quarter. Finally, TSA Wealth Managment LLC boosted its position in Exxon Mobil by 11.3% in the third quarter. TSA Wealth Managment LLC now owns 2,067 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XOM shares. The Goldman Sachs Group upped their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Price Performance

NYSE XOM traded down $1.25 during mid-day trading on Friday, hitting $119.31. The stock had a trading volume of 19,051,713 shares, compared to its average volume of 16,335,525. The firm’s 50 day moving average is $118.49 and its 200 day moving average is $116.40. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. 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 has a market capitalization of $524.38 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 5.09 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the company earned $2.27 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. Exxon Mobil’s dividend payout ratio (DPR) is 47.32%.

Exxon Mobil 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.