Northwest & Ethical Investments L.P. Buys 8,110 Shares of Exxon Mobil Co. (NYSE:XOM)

Northwest & Ethical Investments L.P. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 15.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,510 shares of the oil and gas company’s stock after acquiring an additional 8,110 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Exxon Mobil were worth $7,093,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vertex Planning Partners LLC increased its stake in shares of Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after purchasing an additional 83 shares in the last quarter. Etfidea LLC increased its stake in Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC increased its stake in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after buying an additional 86 shares in the last quarter. Integral Investment Advisors Inc. lifted its position in shares of Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after acquiring an additional 87 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 87 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Truist Financial reduced their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Trading Down 0.3 %

Shares of XOM opened at $117.66 on Friday. The company’s fifty day simple moving average is $119.70 and its 200-day simple moving average is $116.57. The company has a market cap of $517.13 billion, a P/E ratio of 14.65, a P/E/G ratio of 4.94 and a beta of 0.90. 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 Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

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 for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the company posted $2.27 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.