Asset Management Group Inc. Has $258,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Asset Management Group Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 11.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,202 shares of the oil and gas company’s stock after purchasing an additional 230 shares during the quarter. Asset Management Group Inc.’s holdings in Exxon Mobil were worth $258,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. WFA Asset Management Corp grew its holdings in Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Exxon Mobil during the 1st quarter worth about $933,000. Canada Pension Plan Investment Board grew its holdings in Exxon Mobil by 461.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 938,562 shares of the oil and gas company’s stock worth $109,098,000 after acquiring an additional 771,301 shares during the last quarter. Keeley Teton Advisors LLC grew its holdings in Exxon Mobil by 4.8% during the 1st quarter. Keeley Teton Advisors LLC now owns 2,202 shares of the oil and gas company’s stock worth $256,000 after acquiring an additional 100 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. grew its holdings in Exxon Mobil by 894.6% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 19,901 shares of the oil and gas company’s stock worth $2,313,000 after acquiring an additional 17,900 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of XOM opened at $122.06 on Friday. The stock has a market capitalization of $536.45 billion, a P/E ratio of 15.20, a P/E/G ratio of 4.97 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a 50 day moving average of $119.18 and a 200-day moving average of $116.51. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating 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 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. The firm’s revenue was down .8% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.24%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, November 4th. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. TD Cowen increased their price target on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.21.

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.