Minot DeBlois Advisors LLC Takes $939,000 Position in Exxon Mobil Co. (NYSE:XOM)

Minot DeBlois Advisors LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,725 shares of the oil and gas company’s stock, valued at approximately $939,000.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Exxon Mobil by 9.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 470,726 shares of the oil and gas company’s stock valued at $50,622,000 after buying an additional 40,472 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $120,962,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $1,590,000. Jacobs Levy Equity Management Inc. raised its position in Exxon Mobil by 300.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company’s stock valued at $1,534,000 after purchasing an additional 10,697 shares during the period. Finally, Janus Henderson Group PLC raised its position in Exxon Mobil by 23.0% during the fourth quarter. Janus Henderson Group PLC now owns 709,539 shares of the oil and gas company’s stock valued at $76,362,000 after purchasing an additional 132,507 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Mizuho decreased their price objective on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley reduced their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Wells Fargo & Company reduced their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reduced their price target on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a report on Monday, May 5th. Finally, UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.85.

Exxon Mobil Stock Up 1.6%

Shares of NYSE XOM opened at $109.04 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $469.90 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The stock’s fifty day simple moving average is $109.04 and its two-hundred day simple moving average is $111.01. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $86.11 billion. During the same quarter last year, the firm earned $2.06 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.63%. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

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.