Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Morse Asset Management Inc

Morse Asset Management Inc grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,158 shares of the oil and gas company's stock after acquiring an additional 6,439 shares during the quarter. Exxon Mobil comprises approximately 1.9% of Morse Asset Management Inc's portfolio, making the stock its 13th biggest holding. Morse Asset Management Inc's holdings in Exxon Mobil were worth $8,576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Patron Partners LLC increased its stake in Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock valued at $4,294,000 after purchasing an additional 2,564 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock worth $5,532,000 after acquiring an additional 4,578 shares during the last quarter. YHB Investment Advisors Inc. increased its stake in Exxon Mobil by 5.9% during the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock worth $3,770,000 after acquiring an additional 1,836 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Exxon Mobil by 79.4% during 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. Finally, Blair William & Co. IL increased its stake in Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock worth $111,392,000 after acquiring an additional 379,747 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM traded up $0.14 during trading hours on Thursday, reaching $112.06. 10,468,662 shares of the stock were exchanged, compared to its average volume of 16,291,545. 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 50 day simple moving average of $119.34 and a 200-day simple moving average of $116.43. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The stock has a market capitalization of $492.51 billion, a P/E ratio of 13.87, a P/E/G ratio of 4.74 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the business posted $2.27 EPS. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.94 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. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil's dividend payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on XOM shares. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Redburn Atlantic restated a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. TD Cowen upped their price target on Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their target price on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $129.84.

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.