Vinva Investment Management Ltd Increases Position in Exxon Mobil Corporation $XOM

Vinva Investment Management Ltd boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 28.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,436 shares of the oil and gas company’s stock after purchasing an additional 44,111 shares during the period. Vinva Investment Management Ltd’s holdings in Exxon Mobil were worth $21,705,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the first quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC grew its holdings in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil during the second quarter worth about $38,000. Finally, 1248 Management LLC bought a new position in Exxon Mobil during the first quarter worth $40,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the subject of several research reports. UBS Group lifted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Exxon Mobil in a report on Tuesday. Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Finally, Morgan Stanley increased their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.67.

Exxon Mobil Stock Up 0.4%

XOM opened at $114.93 on Thursday. The stock’s 50 day moving average price is $114.76 and its 200 day moving average price is $111.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market cap of $484.67 billion, a P/E ratio of 16.33, a P/E/G ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $120.81.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.6%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

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.