Charles Schwab Investment Management Inc. Purchases 146,374 Shares of Exxon Mobil Co. (NYSE:XOM)

Charles Schwab Investment Management Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,160,117 shares of the oil and gas company’s stock after acquiring an additional 146,374 shares during the period. Exxon Mobil comprises approximately 0.7% of Charles Schwab Investment Management Inc.’s investment portfolio, making the stock its 28th largest holding. Charles Schwab Investment Management Inc. owned 0.71% of Exxon Mobil worth $3,652,589,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of XOM. Blackhawk Capital Partners LLC. increased its stake in shares of Exxon Mobil by 2.2% during the 3rd quarter. Blackhawk Capital Partners LLC. now owns 33,052 shares of the oil and gas company’s stock worth $3,874,000 after purchasing an additional 723 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Exxon Mobil by 4.1% during the third quarter. Pacer Advisors Inc. now owns 335,319 shares of the oil and gas company’s stock worth $39,306,000 after buying an additional 13,215 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Exxon Mobil by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,328,008 shares of the oil and gas company’s stock valued at $2,148,409,000 after acquiring an additional 1,512,694 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in Exxon Mobil by 2,590.9% in the third quarter. Integrated Investment Consultants LLC now owns 256,038 shares of the oil and gas company’s stock valued at $30,013,000 after acquiring an additional 246,523 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its position in Exxon Mobil by 8.2% in the third quarter. Thompson Siegel & Walmsley LLC now owns 52,191 shares of the oil and gas company’s stock valued at $6,118,000 after acquiring an additional 3,977 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Wells Fargo & Company raised their price target 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. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Monday, November 4th. 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 objective for the company. in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Stock Up 0.4 %

Exxon Mobil stock opened at $120.83 on Thursday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The stock has a fifty day simple moving average of $118.96 and a two-hundred day simple moving average of $116.47. 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 firm has a market cap of $531.06 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 4.97 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted 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 earnings per share. Exxon Mobil’s revenue was down .8% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

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.