BluePath Capital Management LLC Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

BluePath Capital Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,935 shares of the oil and gas company’s stock after acquiring an additional 1,661 shares during the quarter. Exxon Mobil makes up 1.2% of BluePath Capital Management LLC’s investment portfolio, making the stock its 14th largest position. BluePath Capital Management LLC’s holdings in Exxon Mobil were worth $2,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after acquiring an additional 4,578 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after purchasing an additional 380,399 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Exxon Mobil by 64.6% during the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after purchasing an additional 379,747 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Exxon Mobil by 4.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after buying an additional 5,985 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in shares of Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after buying an additional 6,753 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.2 %

NYSE:XOM opened at $111.32 on Friday. The business’s 50-day moving average is $112.93 and its two-hundred day moving average is $115.55. The firm has a market capitalization of $489.27 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 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.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company posted $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.56%. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.