Borer Denton & Associates Inc. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Borer Denton & Associates Inc. bought a new stake in Exxon Mobil Co. (NYSE:XOM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,933 shares of the oil and gas company’s stock, valued at approximately $227,000.

A number of other large investors also recently made changes to their positions in XOM. Massachusetts Financial Services Co. MA increased its stake in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after acquiring an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA purchased a new position in Exxon Mobil in the second quarter valued at about $980,210,000. International Assets Investment Management LLC increased its position in Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of 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 valued at $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $121.79 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a market capitalization of $535.28 billion, a P/E ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. The stock has a 50 day moving average of $119.39 and a two-hundred day moving average of $116.54. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its earnings results 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 return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the business earned $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.25%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Morgan Stanley reduced their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Company 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.