Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Axiom Advisory LLC

Axiom Advisory LLC raised its stake in Exxon Mobil Co. (NYSE:XOM) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,319 shares of the oil and gas company’s stock after acquiring an additional 2,488 shares during the quarter. Axiom Advisory LLC’s holdings in Exxon Mobil were worth $7,659,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Exxon Mobil by 532.8% in the 2nd 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 purchasing an additional 14,158,054 shares during the period. Global Assets Advisory LLC raised its position in shares of Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after acquiring an additional 12,540,435 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Exxon Mobil by 565.3% during the 4th quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock worth $1,317,817,000 after acquiring an additional 11,199,696 shares in the last quarter. Primecap Management Co. CA acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $980,210,000. Finally, Capital International Investors increased its stake in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Mizuho lifted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Morgan Stanley cut their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price for the company. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

Exxon Mobil Stock Performance

NYSE XOM opened at $125.36 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock’s fifty day moving average is $116.31 and its two-hundred day moving average is $116.02. The firm has a market capitalization of $494.30 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.03%. Exxon Mobil’s payout ratio is 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.