InTrack Investment Management Inc Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

InTrack Investment Management Inc boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,566 shares of the oil and gas company’s stock after buying an additional 370 shares during the period. Exxon Mobil makes up 1.0% of InTrack Investment Management Inc’s investment portfolio, making the stock its 27th biggest holding. InTrack Investment Management Inc’s holdings in Exxon Mobil were worth $1,473,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of XOM. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC grew its stake in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC grew its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XOM. Mizuho boosted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday. BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $131.88.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $123.61 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $487.40 billion, a PE ratio of 15.15, a P/E/G ratio of 5.02 and a beta of 0.89. The firm has a fifty day simple moving average of $116.90 and a two-hundred day simple moving average of $116.34. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results 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. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 earnings per share. Research analysts expect that Exxon Mobil Co. will post 8.11 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 paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.07%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.