M.E. Allison & CO. Inc. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

M.E. Allison & CO. Inc. bought a new position in Exxon Mobil Co. (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,416 shares of the oil and gas company's stock, valued at approximately $368,000.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock valued at $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock valued at $10,777,735,000 after buying an additional 1,622,064 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. Franklin Resources Inc. increased its position in 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 acquiring an additional 4,415,012 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Exxon Mobil by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock worth $3,652,589,000 after purchasing an additional 146,374 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $1.25 on Wednesday, reaching $110.22. 6,946,014 shares of the stock were exchanged, compared to its average volume of 14,727,072. Exxon Mobil Co. has a twelve month low of $96.73 and a twelve month high of $126.34. The business has a 50 day moving average price of $112.22 and a two-hundred day moving average price of $115.48. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $484.44 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 2.98 and a beta of 0.91.

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 EPS for the quarter, beating 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 business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The business's revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XOM shares. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective on the stock. TD Cowen decreased their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Finally, Mizuho cut their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $128.84.

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.