Relyea Zuckerberg Hanson LLC Acquires 10,138 Shares of Exxon Mobil Co. (NYSE:XOM)

Relyea Zuckerberg Hanson LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 41.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,349 shares of the oil and gas company's stock after purchasing an additional 10,138 shares during the period. Relyea Zuckerberg Hanson LLC's holdings in Exxon Mobil were worth $3,695,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. Eagle Capital Management LLC increased its stake in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company's stock worth $283,000 after acquiring an additional 114 shares during the last quarter. XTX Topco Ltd purchased a new stake in Exxon Mobil during the second quarter valued at about $860,000. Retirement Investment Advisors Inc. bought a new position in shares of Exxon Mobil during the second quarter valued at about $4,093,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Exxon Mobil by 5.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 453,836 shares of the oil and gas company's stock worth $52,245,000 after buying an additional 23,611 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of Exxon Mobil by 9.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 623,264 shares of the oil and gas company's stock valued at $71,750,000 after acquiring an additional 53,046 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM stock traded up $1.05 during trading on Friday, reaching $112.37. The stock had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The firm has a market cap of $493.89 billion, a PE ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock's 50 day moving average is $112.56 and its two-hundred day moving average is $115.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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 analysts' expectations of $93.98 billion. During the same period last year, the firm earned $2.27 EPS. Exxon Mobil's revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.52%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. TD Cowen decreased their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price target for the company. Redburn Atlantic restated a "neutral" rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a research note 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 issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $128.84.

Exxon Mobil 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.