Bradley Foster & Sargent Inc. CT Has $25.70 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Bradley Foster & Sargent Inc. CT raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,274 shares of the oil and gas company’s stock after purchasing an additional 5,515 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Exxon Mobil were worth $25,703,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Gilbert & Cook Inc. increased its stake in shares of Exxon Mobil by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after purchasing an additional 545 shares during the last quarter. Aveo Capital Partners LLC raised its holdings in Exxon Mobil by 5.0% during the fourth quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after buying an additional 984 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in shares of Exxon Mobil by 42.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after buying an additional 5,565 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Exxon Mobil by 18.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 400 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at about $915,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on XOM. Morgan Stanley decreased 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. Barclays lowered their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.76.

Exxon Mobil Stock Up 0.3 %

Shares of XOM opened at $114.57 on Thursday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a market cap of $451.75 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 4.38 and a beta of 0.90. The company has a 50-day moving average price of $115.78 and a two-hundred day moving average price of $115.25. 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 (NYSE:XOM) last announced its quarterly earnings results 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. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the firm earned $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

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.