River Street Advisors LLC Acquires New Shares in Exxon Mobil Co. (NYSE:XOM)

River Street Advisors LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 1,842 shares of the oil and gas company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at $39,000. POM Investment Strategies LLC lifted its holdings in shares of 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 valued at $43,000 after buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at $46,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $1.25 during trading on Friday, reaching $119.31. 19,051,713 shares of the stock traded hands, compared to its average volume of 16,335,525. The company has a market capitalization of $524.38 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 5.09 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. 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 business has a fifty day simple moving average of $118.49 and a two-hundred day simple moving average of $116.40.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during 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 firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company 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 of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.32%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 47.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, November 4th. Wells Fargo & Company raised their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. JPMorgan Chase & Co. raised their target price on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Finally, Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company 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.