Arbor Trust Wealth Advisors LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 67.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,945 shares of the oil and gas company's stock after purchasing an additional 6,012 shares during the period. Arbor Trust Wealth Advisors LLC's holdings in Exxon Mobil were worth $1,608,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Wealth Management Investment Advisory Inc. raised its position in shares of Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock valued at $5,532,000 after acquiring an additional 4,578 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Exxon Mobil by 79.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock worth $98,914,000 after acquiring an additional 380,399 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Exxon Mobil by 4.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company's stock valued at $15,607,000 after purchasing an additional 5,985 shares during the last quarter. Helen Stephens Group LLC raised its position in shares of Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after purchasing an additional 2,825 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in shares of Exxon Mobil by 36.8% in the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company's stock worth $2,945,000 after purchasing an additional 6,753 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Stock Down 0.8 %
Shares of NYSE XOM traded down $0.88 during mid-day trading on Tuesday, reaching $111.44. 3,847,296 shares of the company traded hands, compared to its average volume of 13,990,660. The company's fifty day moving average is $112.40 and its two-hundred day moving average is $115.50. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market cap of $489.78 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 3.01 and a beta of 0.91.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.
Exxon Mobil Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.
Wall Street Analysts Forecast Growth
XOM has been the topic of a number of recent research reports. Barclays cut their target price on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. The Goldman Sachs Group raised their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a report on Thursday, December 12th. Finally, 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 on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $128.84.
Get Our Latest Stock Analysis on XOM
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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