Dorsey & Whitney Trust CO LLC Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Dorsey & Whitney Trust CO LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 12.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,382 shares of the oil and gas company’s stock after purchasing an additional 2,440 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Exxon Mobil were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its holdings in Exxon Mobil by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after acquiring an additional 545 shares in the last quarter. Aveo Capital Partners LLC boosted its stake in Exxon Mobil by 5.0% in the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock worth $2,053,000 after purchasing an additional 984 shares in the last quarter. Gryphon Financial Partners LLC grew its position in Exxon Mobil by 42.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after purchasing an additional 5,565 shares during the last quarter. M&G Investment Management Ltd. acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $2,391,000. Finally, Haverford Trust Co raised its holdings in shares of Exxon Mobil by 1.8% in the fourth quarter. Haverford Trust Co now owns 131,711 shares of the oil and gas company’s stock worth $13,168,000 after buying an additional 2,335 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $111.23 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The stock’s 50-day moving average price is $115.70 and its 200-day moving average price is $114.94. The stock has a market capitalization of $438.58 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 4.48 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 8.37 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. Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. Sanford C. Bernstein cut their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Barclays cut their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. UBS Group raised their price target on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $136.29.

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.