Family Firm Inc. Grows Position in Exxon Mobil Co. (NYSE:XOM)

Family Firm Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 13.6% during the second quarter, HoldingsChannel reports. The fund owned 11,487 shares of the oil and gas company’s stock after buying an additional 1,375 shares during the period. Family Firm Inc.’s holdings in Exxon Mobil were worth $1,322,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in Exxon Mobil by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock worth $4,918,000 after buying an additional 1,539 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $2,776,000. Linden Thomas Advisory Services LLC grew its position in Exxon Mobil by 10.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,345 shares of the oil and gas company’s stock worth $734,000 after acquiring an additional 697 shares during the last quarter. Alaska Permanent Fund Corp raised its holdings in Exxon Mobil by 6,392.9% during the 4th quarter. Alaska Permanent Fund Corp now owns 13,765 shares of the oil and gas company’s stock worth $1,376,000 after purchasing an additional 13,553 shares during the last quarter. Finally, Fractal Investments LLC increased its holdings in shares of Exxon Mobil by 31.4% in the fourth quarter. Fractal Investments LLC now owns 6,700 shares of the oil and gas company’s stock worth $670,000 after acquiring an additional 1,600 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on XOM. TD Cowen lifted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Sanford C. Bernstein cut their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Wolfe Research started coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.56.

Exxon Mobil Stock Performance

XOM stock traded up $1.59 during midday trading on Friday, reaching $116.32. The company had a trading volume of 10,381,431 shares, compared to its average volume of 17,064,939. The stock has a 50 day moving average price of $115.14 and a 200 day moving average price of $113.78. The firm has a market capitalization of $458.65 billion, a PE ratio of 14.25, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) 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.