Patten & Patten Inc. TN Acquires 5,267 Shares of Exxon Mobil Co. (NYSE:XOM)

Patten & Patten Inc. TN raised its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 134,326 shares of the oil and gas company's stock after acquiring an additional 5,267 shares during the quarter. Exxon Mobil makes up approximately 1.0% of Patten & Patten Inc. TN's holdings, making the stock its 26th largest position. Patten & Patten Inc. TN's holdings in Exxon Mobil were worth $15,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Etfidea LLC boosted its position in Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock worth $307,000 after acquiring an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC lifted its holdings in Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock valued at $1,559,000 after acquiring an additional 86 shares during the last quarter. Integral Investment Advisors Inc. lifted its position in Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock valued at $483,000 after purchasing an additional 87 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in Exxon Mobil by 15.2% in the second 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 in the last quarter. Finally, Mascoma Wealth Management LLC grew its stake in 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 worth $155,000 after acquiring an additional 88 shares during the period. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XOM. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their price target on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Morgan Stanley reduced their target price on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Wells Fargo & Company boosted their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Finally, Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.95.

Exxon Mobil Trading Down 0.1 %

XOM stock traded down $0.12 on Tuesday, hitting $120.35. 11,790,573 shares of the company were exchanged, compared to its average volume of 16,342,855. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a market capitalization of $528.95 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 5.08 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 business's fifty day moving average is $117.96 and its two-hundred day moving average is $116.32.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. The company 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 quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.29%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is 47.32%.

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.