W.G. Shaheen & Associates DBA Whitney & Co Has $1.28 Million Stake in Exxon Mobil Co. (NYSE:XOM)

W.G. Shaheen & Associates DBA Whitney & Co lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.0% in the third quarter, Holdings Channel.com reports. The firm owned 10,931 shares of the oil and gas company’s stock after selling 460 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Exxon Mobil were worth $1,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. WFA Asset Management Corp increased its position in Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $933,000. Empowered Funds LLC raised its stake in shares of Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after acquiring an additional 49,083 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Exxon Mobil by 28.9% in the 1st quarter. Hillsdale Investment Management Inc. now owns 3,252 shares of the oil and gas company’s stock worth $378,000 after purchasing an additional 730 shares during the last quarter. Finally, Ossiam boosted its position in Exxon Mobil by 1,166.2% during the first quarter. Ossiam now owns 200,000 shares of the oil and gas company’s stock worth $23,248,000 after purchasing an additional 184,205 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $120.33 on Tuesday. The stock has a market capitalization of $528.86 billion, a P/E ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The business has a 50-day moving average price of $118.59 and a two-hundred day moving average price of $116.42.

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

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Finally, BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Company 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.