Coldstream Capital Management Inc. Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

Coldstream Capital Management Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 135,660 shares of the oil and gas company’s stock after acquiring an additional 16,392 shares during the period. Coldstream Capital Management Inc.’s holdings in Exxon Mobil were worth $15,936,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in XOM. Patron Partners LLC boosted its position in shares of Exxon Mobil by 7.4% during the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after purchasing an additional 2,564 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its position in shares of Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after buying an additional 4,578 shares during the period. YHB Investment Advisors Inc. grew its stake in shares of Exxon Mobil by 5.9% in the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after buying an additional 1,836 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after buying an additional 380,399 shares during the period. Finally, Blair William & Co. IL lifted its stake in Exxon Mobil by 64.6% during the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after acquiring an additional 379,747 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, Wolfe Research lifted their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Trading Down 0.6 %

Shares of Exxon Mobil stock opened at $112.92 on Tuesday. 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 fifty day simple moving average of $119.68 and a 200-day simple moving average of $116.47. The stock has a market cap of $496.29 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 4.77 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for 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 business’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend 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 dividend yield of 3.51%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Exxon Mobil Company 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.