Stockman Wealth Management Inc. Purchases 6,039 Shares of Exxon Mobil Co. (NYSE:XOM)

Stockman Wealth Management Inc. raised its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,568 shares of the oil and gas company's stock after purchasing an additional 6,039 shares during the period. Exxon Mobil accounts for about 1.7% of Stockman Wealth Management Inc.'s holdings, making the stock its 20th biggest position. Stockman Wealth Management Inc.'s holdings in Exxon Mobil were worth $11,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock valued at $5,249,607,000 after buying an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. Legal & General Group Plc grew its stake in Exxon Mobil by 19.3% during 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 buying an additional 5,235,607 shares during the last quarter. Finally, Capital International Investors boosted its position in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $0.14 during trading hours on Tuesday, reaching $120.33. 4,861,246 shares of the stock were exchanged, compared to its average volume of 16,311,240. The stock's fifty day simple moving average is $117.96 and its 200 day simple moving average is $116.32. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market capitalization of $528.86 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 5.08 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $93.98 billion. During the same quarter last year, the company posted $2.27 EPS. The company's revenue for the quarter was down .8% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.29%. Exxon Mobil's payout ratio is presently 47.32%.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Sanford C. Bernstein reduced their target price on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a report on Wednesday, July 17th. Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. 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. TD Cowen dropped their target price on Exxon Mobil from $130.00 to $127.00 and set a "buy" rating for the company in a report on Monday, November 4th. Finally, Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus target price of $129.95.

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.