Exxon Mobil Co. (NYSE:XOM) Stock Holdings Raised by Swiss National Bank

Swiss National Bank raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 13,315,218 shares of the oil and gas company’s stock after purchasing an additional 33,400 shares during the period. Exxon Mobil accounts for approximately 1.0% of Swiss National Bank’s holdings, making the stock its 13th biggest holding. Swiss National Bank owned 0.34% of Exxon Mobil worth $1,560,810,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research analysts recently commented on XOM shares. BNP Paribas downgraded shares of 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. Morgan Stanley decreased their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Wolfe Research upped their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. TD Cowen decreased their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, UBS Group cut their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $119.31 on Friday. The business’s fifty day simple moving average is $118.49 and its 200 day simple moving average is $116.39. The firm has a market capitalization of $524.38 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

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 the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.32%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

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.