Exxon Mobil Co. (NYSE:XOM) Holdings Raised by Rossmore Private Capital

Rossmore Private Capital increased its stake in Exxon Mobil Co. (NYSE:XOM) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 498,271 shares of the oil and gas company’s stock after purchasing an additional 314 shares during the period. Exxon Mobil accounts for about 7.2% of Rossmore Private Capital’s portfolio, making the stock its largest position. Rossmore Private Capital’s holdings in Exxon Mobil were worth $58,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings in Exxon Mobil by 532.8% in 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 during the last quarter. Primecap Management Co. CA acquired a new stake in Exxon Mobil during the second quarter worth about $980,210,000. International Assets Investment Management LLC raised its position in Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Capital International Investors lifted its holdings 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 acquiring an additional 5,523,429 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.0 %

Shares of NYSE:XOM opened at $121.50 on Thursday. The business has a 50-day moving average price of $118.06 and a 200 day moving average price of $116.34. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. 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 capitalization of $534.00 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 5.05 and a beta of 0.90.

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 analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. UBS Group lowered their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Morgan Stanley cut their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.95.

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.