M&R Capital Management Inc. Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

M&R Capital Management Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,399 shares of the oil and gas company’s stock after purchasing an additional 222 shares during the period. M&R Capital Management Inc.’s holdings in Exxon Mobil were worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its holdings 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 buying an additional 14,158,054 shares during the period. Global Assets Advisory LLC grew its holdings in Exxon Mobil by 16,399.4% during 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 raised its position in Exxon Mobil by 565.3% during the fourth quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock valued at $1,317,817,000 after acquiring an additional 11,199,696 shares in the last quarter. Primecap Management Co. CA acquired a new position in Exxon Mobil in the second quarter valued at approximately $980,210,000. Finally, Capital International Investors boosted its position in 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 worth $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $121.49 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a market cap of $479.04 billion, a PE ratio of 14.89, a P/E/G ratio of 4.86 and a beta of 0.90. The stock has a fifty day moving average price of $116.06 and a 200 day moving average price of $115.85. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for 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%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.13%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on XOM shares. Morgan Stanley cut their target price 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. Wolfe Research initiated coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. UBS Group reduced their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company increased their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.75.

Exxon Mobil 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.