Hudson Valley Investment Advisors Inc. ADV Has $11.14 Million Position in Exxon Mobil Co. (NYSE:XOM)

Hudson Valley Investment Advisors Inc. ADV lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,541 shares of the oil and gas company’s stock after selling 150 shares during the quarter. Exxon Mobil makes up approximately 1.3% of Hudson Valley Investment Advisors Inc. ADV’s investment portfolio, making the stock its 20th largest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in Exxon Mobil were worth $11,138,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. 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 acquiring an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at $980,210,000. International Assets Investment Management LLC boosted its stake in shares of Exxon Mobil by 7,761.0% in the 3rd 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 purchasing an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Exxon Mobil by 16.9% during the second 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 buying an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc raised its stake in Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on XOM shares. Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. 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. BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Stock Down 1.8 %

Shares of NYSE:XOM opened at $106.83 on Friday. The stock has a market cap of $469.53 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 4.65 and a beta of 0.91. The business’s 50 day moving average is $113.66 and its 200 day moving average is $115.69. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the business posted $2.27 EPS. The business’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Exxon Mobil Company 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.