Baron Silver Stevens Financial Advisors LLC Purchases Shares of 1,762 Exxon Mobil Co. (NYSE:XOM)

Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the third quarter, Holdings Channel reports. The institutional investor acquired 1,762 shares of the oil and gas company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in Exxon Mobil by 532.8% during 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 last quarter. Primecap Management Co. CA acquired a new stake in Exxon Mobil during the 2nd quarter worth about $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 lifted its stake in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. Redburn Atlantic reissued 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. Sanford C. Bernstein dropped their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Wolfe Research upped their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $130.37.

Exxon Mobil Price Performance

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

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the company earned $1.94 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current year.

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.