Symmetry Investments LP Takes Position in Exxon Mobil Co. (NYSE:XOM)

Symmetry Investments LP purchased a new stake in Exxon Mobil Co. (NYSE:XOM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 120,608 shares of the oil and gas company’s stock, valued at approximately $13,884,000. Exxon Mobil comprises 1.6% of Symmetry Investments LP’s investment portfolio, making the stock its 16th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Exxon Mobil by 21.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,765 shares of the oil and gas company’s stock valued at $1,124,000 after purchasing an additional 1,737 shares during the last quarter. Alaethes Wealth LLC boosted its holdings in Exxon Mobil by 1.6% in the second quarter. Alaethes Wealth LLC now owns 19,705 shares of the oil and gas company’s stock valued at $2,268,000 after purchasing an additional 302 shares during the last quarter. Auxier Asset Management boosted its holdings in Exxon Mobil by 2.9% in the second quarter. Auxier Asset Management now owns 13,192 shares of the oil and gas company’s stock valued at $1,519,000 after purchasing an additional 371 shares during the last quarter. Legacy Financial Advisors Inc. boosted its holdings in Exxon Mobil by 8.9% in the second quarter. Legacy Financial Advisors Inc. now owns 28,612 shares of the oil and gas company’s stock valued at $3,294,000 after purchasing an additional 2,328 shares during the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in Exxon Mobil by 2.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 5,446,908 shares of the oil and gas company’s stock worth $627,048,000 after buying an additional 112,649 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.6 %

XOM opened at $115.27 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market cap of $454.51 billion, a P/E ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90. The stock’s 50 day moving average price is $115.88 and its 200 day moving average price is $115.40.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the firm earned $1.94 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

A number of research firms have commented on XOM. Wells Fargo & Company reduced their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Mizuho increased their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Morgan Stanley reduced their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Sanford C. Bernstein reduced their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $135.76.

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.