Boston Family Office LLC Acquires 2,653 Shares of Exxon Mobil Corporation $XOM

Key Points

• Boston Family Office LLC increased its stake in Exxon Mobil by 8.5%, now owning 33,687 shares valued at approximately $4 million.
• Analysts have provided mixed ratings for Exxon Mobil, with two selling, nine holding, eight buying, and one having a strong buy rating; the average target price is $125.26.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, resulting in a 3.7% dividend yield for shareholders.

Boston Family Office LLC increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,687 shares of the oil and gas company's stock after buying an additional 2,653 shares during the quarter. Boston Family Office LLC's holdings in Exxon Mobil were worth $4,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of XOM. Quantinno Capital Management LP lifted its position in Exxon Mobil by 24.1% in 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 purchased a new stake in Exxon Mobil in the fourth quarter worth $55,000. Journey Strategic Wealth LLC grew its stake in Exxon Mobil by 6.7% in the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after purchasing an additional 1,379 shares during the period. Legacy Trust grew its stake in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after purchasing an additional 997 shares during the period. Finally, Hartford Funds Management Co LLC boosted its holdings in Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on XOM shares. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Melius Research started coverage on Exxon Mobil in a report on Wednesday. They set a "hold" rating and a $111.00 price target on the stock. Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Performance

XOM traded up $0.7810 during midday trading on Thursday, reaching $109.3110. The company had a trading volume of 4,213,172 shares, compared to its average volume of 16,697,619. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $110.27 and a two-hundred day moving average of $108.87. The company has a market cap of $466.02 billion, a P/E ratio of 15.55, a P/E/G ratio of 2.01 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter last year, the business posted $2.14 earnings per share. The firm's revenue was down 12.4% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's dividend payout ratio is presently 56.25%.

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.