Longfellow Investment Management Co. LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Longfellow Investment Management Co. LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,537 shares of the oil and gas company’s stock after acquiring an additional 88 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Exxon Mobil were worth $1,704,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC grew its holdings in Exxon Mobil by 28.9% during the 3rd quarter. Truvestments Capital LLC now owns 3,947 shares of the oil and gas company’s stock valued at $463,000 after buying an additional 884 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Exxon Mobil by 51.9% during the third quarter. Loomis Sayles & Co. L P now owns 111,476 shares of the oil and gas company’s stock worth $13,067,000 after purchasing an additional 38,104 shares during the last quarter. Independent Advisor Alliance grew its holdings in Exxon Mobil by 5.7% in the 3rd quarter. Independent Advisor Alliance now owns 299,874 shares of the oil and gas company’s stock valued at $35,151,000 after buying an additional 16,092 shares during the period. Davis R M Inc. increased its stake in shares of Exxon Mobil by 0.9% during the 3rd quarter. Davis R M Inc. now owns 402,115 shares of the oil and gas company’s stock valued at $47,136,000 after acquiring an additional 3,535 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its holdings in shares of Exxon Mobil by 2.1% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 86,921 shares of the oil and gas company’s stock worth $10,189,000 after acquiring an additional 1,802 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Barclays lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. UBS Group reduced their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. One equities 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Stock Up 0.2 %

Shares of NYSE:XOM opened at $122.03 on Monday. The firm has a 50 day simple moving average of $119.39 and a 200 day simple moving average of $116.55. The company has a market cap of $536.33 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 5.10 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 quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 7.96 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 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.