Exxon Mobil Co. (NYSE:XOM) Shares Bought by Weaver Capital Management LLC

Weaver Capital Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 33,906 shares of the oil and gas company’s stock after acquiring an additional 2,456 shares during the period. Exxon Mobil comprises about 1.2% of Weaver Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Weaver Capital Management LLC’s holdings in Exxon Mobil were worth $3,974,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Mechanics Bank Trust Department grew its stake in shares of Exxon Mobil by 5.3% during the 1st quarter. Mechanics Bank Trust Department now owns 93,163 shares of the oil and gas company’s stock worth $10,829,000 after purchasing an additional 4,718 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in Exxon Mobil by 1.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 56,814 shares of the oil and gas company’s stock worth $6,604,000 after buying an additional 542 shares in the last quarter. Retirement Planning Group LLC boosted its holdings in Exxon Mobil by 4.0% during the first quarter. Retirement Planning Group LLC now owns 8,545 shares of the oil and gas company’s stock worth $993,000 after buying an additional 332 shares in the last quarter. Evanson Asset Management LLC grew its position in Exxon Mobil by 9.0% during the first quarter. Evanson Asset Management LLC now owns 25,557 shares of the oil and gas company’s stock valued at $2,971,000 after buying an additional 2,120 shares during the period. Finally, Beech Hill Advisors Inc. increased its holdings in Exxon Mobil by 4.0% in the first quarter. Beech Hill Advisors Inc. now owns 4,517 shares of the oil and gas company’s stock valued at $525,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on XOM. Sanford C. Bernstein dropped their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. UBS Group reduced their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Price Performance

NYSE:XOM opened at $120.27 on Thursday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a market cap of $474.23 billion, a PE ratio of 14.74, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a 50 day moving average price of $117.49 and a 200 day moving average price of $116.49.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the company earned $1.94 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.16%. Exxon Mobil’s payout ratio is 46.57%.

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.