Matrix Trust Co Has $2.33 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Matrix Trust Co raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,851 shares of the oil and gas company’s stock after purchasing an additional 323 shares during the period. Exxon Mobil accounts for approximately 0.4% of Matrix Trust Co’s investment portfolio, making the stock its 28th biggest position. Matrix Trust Co’s holdings in Exxon Mobil were worth $2,327,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Etfidea LLC increased its stake in Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC raised its stake in Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after purchasing an additional 86 shares during the period. Integral Investment Advisors Inc. lifted its holdings in Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after purchasing an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC grew its holdings in Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 88 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on XOM shares. Mizuho upped 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. BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. UBS Group dropped their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $129.00 to $145.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.61.

Exxon Mobil Stock Up 0.8 %

Shares of NYSE:XOM traded up $0.94 during trading hours on Thursday, hitting $123.03. The company’s stock had a trading volume of 2,875,493 shares, compared to its average volume of 16,743,262. 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 firm’s fifty day moving average price is $116.64 and its 200 day moving average price is $116.21. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a market capitalization of $485.11 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 4.86 and a beta of 0.89.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.09%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.