Middleton & Co. Inc. MA Acquires 1,205 Shares of Exxon Mobil Co. (NYSE:XOM)

Middleton & Co. Inc. MA boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,342 shares of the oil and gas company’s stock after buying an additional 1,205 shares during the quarter. Exxon Mobil comprises 1.7% of Middleton & Co. Inc. MA’s portfolio, making the stock its 21st biggest holding. Middleton & Co. Inc. MA’s holdings in Exxon Mobil were worth $15,044,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sawyer & Company Inc boosted its holdings in shares of Exxon Mobil by 0.6% during the 1st quarter. Sawyer & Company Inc now owns 34,721 shares of the oil and gas company’s stock worth $4,036,000 after buying an additional 205 shares during the period. OneAscent Wealth Management LLC lifted its position in Exxon Mobil by 21.9% during the 1st quarter. OneAscent Wealth Management LLC now owns 5,987 shares of the oil and gas company’s stock worth $696,000 after acquiring an additional 1,074 shares during the last quarter. Webster Bank N. A. boosted its holdings in Exxon Mobil by 0.4% during the first quarter. Webster Bank N. A. now owns 53,762 shares of the oil and gas company’s stock valued at $6,249,000 after acquiring an additional 227 shares during the period. OneAscent Financial Services LLC grew its position in shares of Exxon Mobil by 3.0% in the first quarter. OneAscent Financial Services LLC now owns 11,918 shares of the oil and gas company’s stock valued at $1,385,000 after purchasing an additional 344 shares during the last quarter. Finally, Norris Perne & French LLP MI increased its stake in shares of Exxon Mobil by 17.1% in the first quarter. Norris Perne & French LLP MI now owns 4,811 shares of the oil and gas company’s stock worth $559,000 after purchasing an additional 704 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on XOM shares. Bank of America began coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Morgan Stanley dropped their target price on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $119.49 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The business’s fifty day moving average price is $117.54 and its two-hundred day moving average price is $116.43. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock has a market capitalization of $471.15 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 EPS. As a group, analysts predict that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 45.45%.

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.