Banque Pictet & Cie SA Has $3.41 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Banque Pictet & Cie SA grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 99.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,700 shares of the oil and gas company's stock after buying an additional 14,345 shares during the quarter. Banque Pictet & Cie SA's holdings in Exxon Mobil were worth $3,413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in XOM. Quantinno Capital Management LP grew its stake in shares of Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $55,000. Legacy Trust boosted its stake in shares of Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after purchasing an additional 997 shares during the last quarter. Renasant Bank boosted its stake in Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after acquiring an additional 493 shares during the last quarter. Finally, Paradigm Capital Management LLC NV lifted its stake in Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after buying an additional 227 shares during the period. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank boosted their price target on Exxon Mobil from $115.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Stock Up 0.4%

Shares of XOM traded up $0.47 during midday trading on Friday, reaching $115.40. The stock had a trading volume of 11,683,034 shares, compared to its average volume of 15,798,174. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market cap of $497.33 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 2.21 and a beta of 0.50. The company's fifty day simple moving average is $107.83 and its two-hundred day simple moving average is $108.72.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

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.