Exxon Mobil Corporation $XOM Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 12.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,402,038 shares of the oil and gas company’s stock after purchasing an additional 388,090 shares during the quarter. Mackenzie Financial Corp’s holdings in Exxon Mobil were worth $366,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Elequin Capital LP acquired a new position in Exxon Mobil during the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd grew its position 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 worth $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC raised its stake in shares of 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 valued at $38,000 after buying an additional 300 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at about $38,000. Finally, 1248 Management LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at about $40,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Bank of America raised their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Melius began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $128.67.

Exxon Mobil Trading Up 1.0%

Shares of XOM stock opened at $115.87 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $120.81. The company has a market cap of $488.64 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 2.06 and a beta of 0.49. 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 50 day simple moving average of $114.84 and a 200-day simple moving average of $111.35.

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. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

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

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.