Roble Belko & Company Inc raised its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 18.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,093 shares of the oil and gas company’s stock after acquiring an additional 940 shares during the quarter. Roble Belko & Company Inc’s holdings in Exxon Mobil were worth $655,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at $35,000. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth about $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil in the 3rd quarter valued at about $51,000. Finally, Highline Wealth Partners LLC acquired a new position in Exxon Mobil during the 3rd quarter worth approximately $54,000. 61.80% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.84.
Exxon Mobil Trading Down 0.2 %
Shares of Exxon Mobil stock opened at $111.32 on Friday. The firm has a market cap of $489.27 billion, a PE ratio of 13.86, a P/E/G ratio of 2.70 and a beta of 0.91. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. 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 stock has a fifty day moving average price of $112.93 and a 200-day moving average price of $115.55.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 analyst estimates of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.86 EPS for the current year.
Exxon Mobil Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.56%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.
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.
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