Haverford Trust Co Has $17.52 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Haverford Trust Co raised its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 149,418 shares of the oil and gas company’s stock after buying an additional 1,830 shares during the period. Haverford Trust Co’s holdings in Exxon Mobil were worth $17,515,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Exxon Mobil by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after buying an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the last quarter. Legal & General Group Plc boosted its stake in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after buying an additional 5,235,607 shares in the last quarter. Finally, Capital International Investors raised its stake in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XOM. Morgan Stanley decreased their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Mizuho increased their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Price Performance

XOM stock opened at $121.50 on Thursday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a market capitalization of $534.00 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 5.05 and a beta of 0.90. The company’s 50-day moving average is $118.06 and its 200-day moving average is $116.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

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.