OVERSEA CHINESE BANKING Corp Ltd Has $669,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 10.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,708 shares of the oil and gas company’s stock after acquiring an additional 532 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Exxon Mobil were worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WFA Asset Management Corp lifted its stake in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares during the period. China Universal Asset Management Co. Ltd. acquired a new position in Exxon Mobil in the 1st quarter valued at approximately $933,000. Empowered Funds LLC lifted its position in shares of Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after acquiring an additional 49,083 shares during the period. Hudson Value Partners LLC grew its holdings in shares of Exxon Mobil by 6.5% during the 1st quarter. Hudson Value Partners LLC now owns 6,595 shares of the oil and gas company’s stock worth $767,000 after purchasing an additional 400 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its position in shares of Exxon Mobil by 1.9% during the first quarter. Eagle Bay Advisors LLC now owns 19,552 shares of the oil and gas company’s stock valued at $2,273,000 after purchasing an additional 361 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.0 %

Shares of NYSE XOM opened at $121.50 on Thursday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year 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. The company has a 50-day moving average of $118.06 and a two-hundred day moving average of $116.34. The company has a market cap of $534.00 billion, a PE ratio of 15.13, a P/E/G ratio of 5.05 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate 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 for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.26%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analyst Ratings Changes

Several brokerages recently commented on XOM. Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Mizuho lifted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

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.