Northwest & Ethical Investments L.P. Acquires 8,110 Shares of Exxon Mobil Co. (NYSE:XOM)

Northwest & Ethical Investments L.P. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 15.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,510 shares of the oil and gas company’s stock after buying an additional 8,110 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Exxon Mobil were worth $7,093,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC lifted its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the second quarter worth about $39,000. POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Redburn Atlantic restated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Finally, Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Trading Down 0.3 %

NYSE:XOM opened at $117.66 on Friday. The company has a market cap of $517.13 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 4.94 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $119.70 and a two-hundred day simple moving average of $116.57. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

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 analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.