Blue Zone Wealth Advisors LLC Invests $269,000 in Exxon Mobil Co. (NYSE:XOM)

Blue Zone Wealth Advisors LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,293 shares of the oil and gas company’s stock, valued at approximately $269,000.

Other hedge funds have also recently bought and sold shares of the company. Ossiam bought a new stake in Exxon Mobil during the fourth quarter worth $1,579,000. Regal Investment Advisors LLC lifted its position in shares of Exxon Mobil by 9.3% during the 4th quarter. Regal Investment Advisors LLC now owns 20,877 shares of the oil and gas company’s stock worth $2,087,000 after buying an additional 1,777 shares during the last quarter. Lighthouse Investment Partners LLC boosted its stake in Exxon Mobil by 1,633.6% in the fourth quarter. Lighthouse Investment Partners LLC now owns 54,124 shares of the oil and gas company’s stock valued at $5,411,000 after buying an additional 51,002 shares in the last quarter. Angelo Gordon & CO. L.P. grew its position in Exxon Mobil by 211.6% in the fourth quarter. Angelo Gordon & CO. L.P. now owns 23,435 shares of the oil and gas company’s stock valued at $2,343,000 after acquiring an additional 44,435 shares during the last quarter. Finally, Symmetry Investments LP acquired a new position in Exxon Mobil during the fourth quarter worth about $1,709,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XOM. UBS Group decreased their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Morgan Stanley decreased their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research started coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. Finally, Mizuho increased their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

Exxon Mobil Trading Up 0.4 %

XOM opened at $125.36 on Tuesday. The stock has a market cap of $494.30 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a fifty day moving average of $116.31 and a 200-day moving average of $116.02.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the company posted $1.94 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

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.