Winthrop Advisory Group LLC Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Winthrop Advisory Group LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 108.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,725 shares of the oil and gas company's stock after buying an additional 4,539 shares during the quarter. Winthrop Advisory Group LLC's holdings in Exxon Mobil were worth $1,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Etfidea LLC boosted its stake in shares of Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock valued at $307,000 after buying an additional 85 shares during the period. Bigelow Investment Advisors LLC boosted its stake in shares of Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock valued at $1,559,000 after buying an additional 86 shares during the period. Integral Investment Advisors Inc. boosted its stake in shares of Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock valued at $483,000 after buying an additional 87 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in shares of Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock valued at $76,000 after buying an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC boosted its stake in shares of Exxon Mobil by 7.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company's stock valued at $155,000 after buying an additional 88 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.04 during trading on Friday, reaching $121.11. The company had a trading volume of 12,835,969 shares, compared to its average volume of 12,575,399. The firm has a market capitalization of $532.29 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 5.07 and a beta of 0.90. 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 stock's fifty day moving average price is $117.91 and its 200 day moving average price is $116.40. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil's payout ratio is 49.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XOM shares. TD Cowen decreased their price objective on Exxon Mobil from $130.00 to $127.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Mizuho boosted their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a "neutral" rating and a $124.00 target price for the company. Finally, UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.

About Exxon Mobil

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.