S.A. Mason LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

S.A. Mason LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,033 shares of the oil and gas company’s stock after purchasing an additional 291 shares during the period. S.A. Mason LLC’s holdings in Exxon Mobil were worth $824,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its stake in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the period. Primecap Management Co. CA bought a new stake in Exxon Mobil during the 2nd quarter valued at $980,210,000. International Assets Investment Management LLC raised its position in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Capital International Investors grew its stake in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $114.98 on Friday. The firm has a market cap of $453.35 billion, a P/E ratio of 13.75, a P/E/G ratio of 4.83 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $117.67 and its two-hundred day moving average price is $116.36. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. The Goldman Sachs Group upped their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Redburn Atlantic restated 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. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, UBS Group lowered their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. One 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 assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $130.37.

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.