Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 41.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 76,288 shares of the oil and gas company’s stock after purchasing an additional 22,296 shares during the period. Hilltop Holdings Inc.’s holdings in Exxon Mobil were worth $8,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its stake in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the second quarter worth about $39,000. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in Exxon Mobil during the 2nd quarter valued at about $46,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Bank of America assumed coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Price Performance

Shares of XOM opened at $117.96 on Monday. The business’s 50-day moving average is $119.76 and its 200-day moving average is $116.55. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a market capitalization of $518.45 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 4.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

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, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business posted $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced 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 positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

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.