Exxon Mobil Co. (NYSE:XOM) Shares Purchased by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 2.6% in the third quarter, HoldingsChannel reports. The fund owned 5,910 shares of the oil and gas company’s stock after acquiring an additional 150 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Exxon Mobil were worth $693,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares during the period. Primecap Management Co. CA purchased a new position in Exxon Mobil during the second quarter worth approximately $980,210,000. International Assets Investment Management LLC boosted its position in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares during the last quarter. Capital International Investors grew its stake in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after buying an additional 5,523,429 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XOM shares. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. TD Cowen boosted their price objective on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Finally, Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Price Performance

Shares of XOM traded up $1.05 during trading hours on Wednesday, reaching $119.68. The company had a trading volume of 485,623 shares, compared to its average volume of 16,234,703. The firm has a 50 day simple moving average of $118.75 and a 200-day simple moving average of $116.44. 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 market capitalization of $526.01 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (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 the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current 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 issued a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is an increase 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 3.31%. Exxon Mobil’s payout ratio is 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.