Exxon Mobil Co. (NYSE:XOM) Holdings Lifted by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,731 shares of the oil and gas company's stock after acquiring an additional 4,253 shares during the quarter. Exxon Mobil comprises approximately 2.0% of Beese Fulmer Investment Management Inc.'s portfolio, making the stock its 9th biggest position. Beese Fulmer Investment Management Inc.'s holdings in Exxon Mobil were worth $23,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $32,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $36,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $47,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on XOM. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Argus raised Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.61 during mid-day trading on Friday, reaching $102.08. 28,636,718 shares of the company traded hands, compared to its average volume of 15,548,490. The company's 50 day moving average price is $106.95 and its 200-day moving average price is $109.69. The firm has a market cap of $439.93 billion, a PE ratio of 13.02, a PEG ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.88%. Exxon Mobil's dividend payout ratio (DPR) is presently 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.