Cohen Investment Advisors LLC Has $3.45 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Cohen Investment Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,051 shares of the oil and gas company’s stock after purchasing an additional 464 shares during the period. Exxon Mobil comprises about 2.1% of Cohen Investment Advisors LLC’s holdings, making the stock its 16th largest holding. Cohen Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the second quarter worth about $39,000. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Exxon Mobil in the 3rd quarter valued at approximately $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on XOM. The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company upped 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Up 0.9 %

XOM stock opened at $112.37 on Friday. The stock’s 50 day simple moving average is $112.73 and its 200 day simple moving average is $115.52. The company has a market cap of $493.89 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. 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 issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company 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%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. Exxon Mobil’s payout ratio is presently 49.32%.

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.