Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 11.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,802 shares of the oil and gas company’s stock after purchasing an additional 1,600 shares during the quarter. Exxon Mobil comprises about 0.7% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its 18th biggest position. Gordian Capital Singapore Pte Ltd’s holdings in Exxon Mobil were worth $1,852,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the second quarter valued at $35,000. Anfield Capital Management LLC lifted its position in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $39,000. POM Investment Strategies LLC increased its holdings in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil in the second quarter worth about $46,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $113.57 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $499.15 billion, a PE ratio of 14.14, a PEG ratio of 4.77 and a beta of 0.89. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a fifty day moving average of $119.77 and a 200 day moving average of $116.47.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS 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 business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the company earned $2.27 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. 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 3.49%. Exxon Mobil’s payout ratio is currently 49.32%.

Analysts Set New Price Targets

Several brokerages recently weighed in on XOM. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Wolfe Research increased their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada decreased their price objective on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

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.