Exxon Mobil Co. (NYSE:XOM) Stock Holdings Increased by Drake & Associates LLC

Drake & Associates LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,019 shares of the oil and gas company’s stock after acquiring an additional 203 shares during the quarter. Drake & Associates LLC’s holdings in Exxon Mobil were worth $237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. New Hampshire Trust lifted its stake in shares of Exxon Mobil by 11.6% in the 1st quarter. New Hampshire Trust now owns 55,065 shares of the oil and gas company’s stock worth $6,401,000 after acquiring an additional 5,716 shares during the period. Collective Family Office LLC lifted its position in Exxon Mobil by 19.4% in the first quarter. Collective Family Office LLC now owns 2,492 shares of the oil and gas company’s stock worth $290,000 after purchasing an additional 405 shares during the period. Stolper Co boosted its stake in Exxon Mobil by 0.4% during the 1st quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock valued at $2,768,000 after purchasing an additional 98 shares in the last quarter. Welch Group LLC increased its position in shares of Exxon Mobil by 1.9% during the 1st quarter. Welch Group LLC now owns 514,561 shares of the oil and gas company’s stock valued at $59,813,000 after purchasing an additional 9,829 shares during the period. Finally, MADDEN SECURITIES Corp raised its stake in shares of Exxon Mobil by 15.7% in the 1st quarter. MADDEN SECURITIES Corp now owns 22,745 shares of the oil and gas company’s stock worth $2,644,000 after buying an additional 3,079 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on XOM. UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Wolfe Research initiated coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Tuesday, October 8th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eight 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 has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

XOM stock opened at $120.35 on Friday. The stock has a market cap of $474.54 billion, a P/E ratio of 14.75, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The firm has a 50 day simple moving average of $117.37 and a 200 day simple moving average of $116.49. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter last year, the business posted $1.94 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Research analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

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.