Healthcare of Ontario Pension Plan Trust Fund Purchases 1,220,489 Shares of Exxon Mobil Co. (NYSE:XOM)

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Exxon Mobil Co. (NYSE:XOM) by 154.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,011,270 shares of the oil and gas company’s stock after purchasing an additional 1,220,489 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Exxon Mobil were worth $235,761,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC boosted its position in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $39,000. POM Investment Strategies LLC boosted its position in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $46,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $117.98 on Wednesday. The firm’s fifty day moving average is $119.61 and its two-hundred day moving average is $116.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a market cap of $518.53 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 5.04 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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. 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 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 company’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Royal Bank of Canada reduced their price objective on shares of Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Tuesday. Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.