Hazlett Burt & Watson Inc. Has $4.01 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Hazlett Burt & Watson Inc. raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,140 shares of the oil and gas company’s stock after purchasing an additional 1,651 shares during the period. Exxon Mobil makes up about 1.8% of Hazlett Burt & Watson Inc.’s portfolio, making the stock its 6th largest holding. Hazlett Burt & Watson Inc.’s holdings in Exxon Mobil were worth $4,009,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its position in Exxon Mobil by 532.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Exxon Mobil during the 2nd quarter worth $980,210,000. International Assets Investment Management LLC lifted its position in shares of Exxon Mobil by 7,761.0% during 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 buying an additional 6,805,982 shares during the last quarter. Capital International Investors boosted its stake in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after buying an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.3 %

Shares of NYSE:XOM opened at $118.96 on Wednesday. The business’s 50-day moving average is $117.69 and its 200-day moving average is $116.33. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market capitalization of $469.06 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 4.79 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.99 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.33%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Wells Fargo & Company lifted 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. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, Barclays cut their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

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.