D Orazio & Associates Inc. Buys 594 Shares of Exxon Mobil Co. (NYSE:XOM)

D Orazio & Associates Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,649 shares of the oil and gas company’s stock after purchasing an additional 594 shares during the quarter. D Orazio & Associates Inc.’s holdings in Exxon Mobil were worth $1,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Schrum Private Wealth Management LLC grew its stake in Exxon Mobil by 77.3% during the third quarter. Schrum Private Wealth Management LLC now owns 11,508 shares of the oil and gas company’s stock worth $1,349,000 after buying an additional 5,018 shares during the last quarter. Parthenon LLC boosted its holdings in shares of Exxon Mobil by 2.4% in the 3rd quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock worth $22,458,000 after acquiring an additional 4,445 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Exxon Mobil by 1.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 337,938 shares of the oil and gas company’s stock worth $39,613,000 after acquiring an additional 4,801 shares during the last quarter. Pinnacle Financial Partners Inc increased its holdings in Exxon Mobil by 11.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 736,798 shares of the oil and gas company’s stock valued at $86,367,000 after purchasing an additional 74,419 shares in the last quarter. Finally, Haverford Trust Co raised its position in Exxon Mobil by 1.2% in the 3rd quarter. Haverford Trust Co now owns 149,418 shares of the oil and gas company’s stock valued at $17,515,000 after purchasing an additional 1,830 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on XOM. UBS Group decreased their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Wells Fargo & Company upped their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Scotiabank raised 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. Finally, Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. One 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, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Performance

Shares of XOM opened at $121.50 on Thursday. The firm has a market cap of $534.00 billion, a P/E ratio of 15.13, a PEG ratio of 5.05 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 debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm’s 50 day moving average price is $118.06 and its two-hundred day moving average price is $116.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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. 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 for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the business posted $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.26%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Exxon Mobil 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.