Exxon Mobil Co. (NYSE:XOM) Stock Holdings Increased by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% during the first quarter, HoldingsChannel.com reports. The firm owned 466,694 shares of the oil and gas company’s stock after acquiring an additional 5,502 shares during the period. Douglas Lane & Associates LLC’s holdings in Exxon Mobil were worth $55,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the fourth quarter valued at $36,000. Finally, Compass Planning Associates Inc purchased a new position in Exxon Mobil in the fourth quarter valued at about $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XOM. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.50.

Exxon Mobil Stock Down 0.6%

XOM stock opened at $102.08 on Friday. The stock has a market capitalization of $439.93 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a 50-day moving average of $106.95 and a two-hundred day moving average of $109.69. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the company earned $2.06 EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.88%. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

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.