Exxon Mobil Co. (NYSE:XOM) Stake Boosted by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC lifted its position in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,005 shares of the oil and gas company’s stock after purchasing an additional 396 shares during the period. Exxon Mobil comprises 1.6% of Mitchell & Pahl Private Wealth LLC’s portfolio, making the stock its 7th largest holding. Mitchell & Pahl Private Wealth LLC’s holdings in Exxon Mobil were worth $3,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its holdings in Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC grew its stake in Exxon Mobil by 1.8% during the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after acquiring an additional 1,622,064 shares in the last quarter. Legal & General Group Plc increased its holdings in Exxon Mobil by 19.3% in 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 acquiring an additional 5,235,607 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Exxon Mobil by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock valued at $3,652,589,000 after purchasing an additional 146,374 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XOM. Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Scotiabank raised shares of 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 research note on Thursday, October 10th. UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Wells Fargo & Company increased their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Down 1.8 %

NYSE:XOM opened at $109.46 on Thursday. The stock has a fifty day simple moving average of $112.22 and a 200-day simple moving average of $115.48. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $481.07 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. Exxon Mobil Co. has a twelve month low of $96.73 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 EPS. Analysts anticipate that Exxon Mobil Co. will post 7.77 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 is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.