BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Grows Stock Position in Exxon Mobil Co. (NYSE:XOM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Exxon Mobil Co. (NYSE:XOM) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 850,768 shares of the oil and gas company’s stock after purchasing an additional 102,264 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Exxon Mobil were worth $91,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $36,000. Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $47,000. Synergy Investment Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $47,000. Finally, Clarity Asset Management Inc. raised its stake in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $104.87 on Wednesday. The company has a market cap of $451.95 billion, a P/E ratio of 13.38, a PEG ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm’s 50 day moving average price is $108.85 and its 200 day moving average price is $110.67.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.78%. Exxon Mobil’s dividend payout ratio is presently 52.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XOM. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Scotiabank dropped their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley reduced their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Finally, Bernstein Bank lifted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.50.

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.