Joule Financial LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Joule Financial LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 157.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,337 shares of the oil and gas company's stock after purchasing an additional 9,990 shares during the period. Exxon Mobil accounts for approximately 0.6% of Joule Financial LLC's holdings, making the stock its 25th largest position. Joule Financial LLC's holdings in Exxon Mobil were worth $1,757,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company's stock worth $808,077,000 after buying an additional 6,805,982 shares in the last quarter. Legal & General Group Plc grew its position in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Exxon Mobil by 117.5% during the second quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company's stock valued at $882,795,000 after purchasing an additional 4,142,171 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Exxon Mobil by 168.5% during the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company's stock valued at $531,060,000 after purchasing an additional 2,842,844 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on XOM shares. Barclays cut 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. Morgan Stanley cut their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. One equities research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $128.84.

Exxon Mobil Trading Down 0.7 %

Shares of NYSE:XOM traded down $0.75 during trading on Tuesday, reaching $111.57. 3,084,332 shares of the company were exchanged, compared to its average volume of 13,854,236. The firm has a market capitalization of $490.35 billion, a PE ratio of 13.91, a P/E/G ratio of 3.01 and a beta of 0.91. The business's fifty day simple moving average is $112.40 and its 200-day simple moving average is $115.50. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $2.27 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change 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 3.55%. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

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.