Moloney Securities Asset Management LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Moloney Securities Asset Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,270 shares of the oil and gas company’s stock after purchasing an additional 1,956 shares during the period. Exxon Mobil accounts for 0.8% of Moloney Securities Asset Management LLC’s holdings, making the stock its 24th biggest position. Moloney Securities Asset Management LLC’s holdings in Exxon Mobil were worth $5,893,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. WFA Asset Management Corp lifted its holdings in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Exxon Mobil during the first quarter valued at $933,000. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Exxon Mobil by 4.0% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 152,629 shares of the oil and gas company’s stock valued at $17,742,000 after purchasing an additional 5,842 shares in the last quarter. BNP Paribas purchased a new position in Exxon Mobil during the first quarter valued at $17,153,000. Finally, St. Louis Trust Co lifted its holdings in Exxon Mobil by 2.0% during the first quarter. St. Louis Trust Co now owns 37,262 shares of the oil and gas company’s stock valued at $4,331,000 after purchasing an additional 729 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 XOM opened at $118.96 on Wednesday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market cap of $469.06 billion, a PE ratio of 14.81, a P/E/G ratio of 4.79 and a beta of 0.90. The firm has a 50-day simple moving average of $117.69 and a two-hundred day simple moving average of $116.33. 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 for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the business earned $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 7.99 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.33%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. TD Cowen reduced their target price on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. One 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.