Howe & Rusling Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,259 shares of the oil and gas company's stock after purchasing an additional 8,570 shares during the period. Exxon Mobil comprises 2.5% of Howe & Rusling Inc.'s portfolio, making the stock its 10th biggest holding. Howe & Rusling Inc.'s holdings in Exxon Mobil were worth $29,453,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC increased its stake in shares of Exxon Mobil by 360.0% in the second 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 bought a new position in shares of Exxon Mobil in the second quarter valued at about $39,000. POM Investment Strategies LLC lifted its position in 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 worth $43,000 after buying an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter worth about $46,000. 61.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on XOM. Redburn Atlantic reiterated a "neutral" rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. TD Cowen upped their price objective on Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a report on Tuesday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, November 4th. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $130.21.
View Our Latest Report on Exxon Mobil
Exxon Mobil Stock Up 1.4 %
NYSE:XOM traded up $1.69 on Wednesday, hitting $120.32. 11,303,848 shares of the company's stock were exchanged, compared to its average volume of 16,282,784. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a 50-day moving average price of $118.75 and a 200-day moving average price of $116.44. The company has a market cap of $528.82 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the business earned $2.27 EPS. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.
Exxon Mobil Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is currently 49.32%.
About Exxon Mobil
(
Free Report)
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.
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