Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Veery Capital LLC

Veery Capital LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,010 shares of the oil and gas company’s stock after purchasing an additional 119 shares during the period. Veery Capital LLC’s holdings in Exxon Mobil were worth $587,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kinsale Capital Group Inc. increased its holdings in Exxon Mobil by 17.2% during the 3rd quarter. Kinsale Capital Group Inc. now owns 65,130 shares of the oil and gas company’s stock worth $7,635,000 after purchasing an additional 9,547 shares during the last quarter. River Street Advisors LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth approximately $216,000. South Street Advisors LLC increased its stake in shares of Exxon Mobil by 70.4% in the third quarter. South Street Advisors LLC now owns 9,727 shares of the oil and gas company’s stock worth $1,140,000 after buying an additional 4,020 shares during the last quarter. Heritage Investment Group Inc. raised its holdings in Exxon Mobil by 15.4% in the third quarter. Heritage Investment Group Inc. now owns 11,011 shares of the oil and gas company’s stock valued at $1,291,000 after acquiring an additional 1,468 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new position in Exxon Mobil during the 3rd quarter valued at $1,279,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.0 %

XOM opened at $119.31 on Friday. The stock’s 50 day moving average price is $118.49 and its 200 day moving average price is $116.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market cap of $524.38 billion, a P/E ratio of 14.86, a P/E/G 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 issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $2.27 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business 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. 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 3.32%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

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.