WCM Investment Management LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

WCM Investment Management LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 29.6% during the third quarter, Holdings Channel reports. The firm owned 29,440 shares of the oil and gas company’s stock after buying an additional 6,724 shares during the quarter. WCM Investment Management LLC’s holdings in Exxon Mobil were worth $3,410,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC boosted its stake in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil in the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Sanford C. Bernstein lowered their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Down 0.1 %

Exxon Mobil stock opened at $120.35 on Wednesday. The company has a market capitalization of $528.95 billion, a P/E ratio of 14.99, a PEG ratio of 5.08 and a beta of 0.90. 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 fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a 50-day simple moving average of $117.96 and a 200-day simple moving average of $116.32.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date 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 yield of 3.29%. Exxon Mobil’s payout ratio is currently 47.32%.

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.