Union Bancaire Privee UBP SA Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Union Bancaire Privee UBP SA bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the fourth quarter, Holdings Channel.com reports. The firm bought 468,102 shares of the oil and gas company’s stock, valued at approximately $48,348,000. Exxon Mobil makes up about 1.0% of Union Bancaire Privee UBP SA’s holdings, making the stock its 29th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Apexium Financial LP boosted its stake in Exxon Mobil by 19.1% during the fourth quarter. Apexium Financial LP now owns 11,482 shares of the oil and gas company’s stock worth $1,235,000 after buying an additional 1,842 shares during the last quarter. Capital Asset Advisory Services LLC raised its holdings in shares of Exxon Mobil by 3.7% during the 4th quarter. Capital Asset Advisory Services LLC now owns 61,159 shares of the oil and gas company’s stock worth $6,597,000 after acquiring an additional 2,175 shares during the period. Blue Trust Inc. grew its holdings in shares of Exxon Mobil by 17.5% in the fourth quarter. Blue Trust Inc. now owns 143,807 shares of the oil and gas company’s stock valued at $16,857,000 after purchasing an additional 21,391 shares during the period. Strategic Investment Advisors MI increased its position in Exxon Mobil by 11.3% during the fourth quarter. Strategic Investment Advisors MI now owns 19,361 shares of the oil and gas company’s stock worth $2,083,000 after purchasing an additional 1,971 shares during the last quarter. Finally, Drive Wealth Management LLC raised its stake in Exxon Mobil by 6.8% during the fourth quarter. Drive Wealth Management LLC now owns 28,514 shares of the oil and gas company’s stock worth $3,067,000 after purchasing an additional 1,812 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XOM. Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have given 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, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Up 0.6 %

NYSE:XOM opened at $108.69 on Thursday. 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 1 year low of $100.42 and a 1 year high of $126.34. The stock has a market cap of $477.69 billion, a P/E ratio of 13.54, a P/E/G ratio of 2.86 and a beta of 0.91. The stock has a 50-day simple moving average of $111.14 and a 200-day simple moving average of $115.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were 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 yield of 3.64%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.