Hanson & Doremus Investment Management Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Hanson & Doremus Investment Management grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,814 shares of the oil and gas company’s stock after purchasing an additional 410 shares during the period. Hanson & Doremus Investment Management’s holdings in Exxon Mobil were worth $2,511,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XOM. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil during the first quarter valued at $25,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Lynx Investment Advisory bought a new stake in Exxon Mobil during the second quarter worth approximately $47,000. Finally, Vima LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $50,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

XOM stock opened at $112.75 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business has a 50-day moving average price of $115.67 and a 200 day moving average price of $115.19. The company has a market capitalization of $444.57 billion, a P/E ratio of 13.82, a PEG ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly 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 firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.37%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. UBS Group increased their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Barclays dropped their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Morgan Stanley dropped their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.24.

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.