Martin & Co. Inc. TN Has $2.94 Million Stock Holdings in Exxon Mobil Corporation $XOM

Martin & Co. Inc. TN boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.8% in the second quarter, Holdings Channel reports. The institutional investor owned 27,260 shares of the oil and gas company’s stock after acquiring an additional 471 shares during the quarter. Martin & Co. Inc. TN’s holdings in Exxon Mobil were worth $2,939,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Axis Wealth Partners LLC grew its stake in Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after purchasing an additional 90 shares in the last quarter. Park Edge Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after buying an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. grew its stake in shares of Exxon Mobil by 3.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 91 shares in the last quarter. Chapin Davis Inc. grew its stake in shares of Exxon Mobil by 2.1% in the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 93 shares in the last quarter. Finally, Cascade Investment Group Inc. increased its holdings in Exxon Mobil by 2.1% in the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock worth $476,000 after buying an additional 93 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $115.87 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81. The company has a fifty day moving average price of $114.84 and a 200 day moving average price of $111.36. The stock has a market cap of $488.64 billion, a P/E ratio of 16.46, a PEG ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on XOM shares. UBS Group lifted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a report on Tuesday. Wells Fargo & Company assumed coverage on Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective on the stock. Bank of America upped their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

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.