Financial Counselors Inc. Increases Stake in Exxon Mobil Corporation (NYSE:XOM)

Financial Counselors Inc. raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 625,442 shares of the oil and gas company's stock after purchasing an additional 28,039 shares during the period. Exxon Mobil accounts for 1.1% of Financial Counselors Inc.'s investment portfolio, making the stock its 17th biggest position. Financial Counselors Inc.'s holdings in Exxon Mobil were worth $74,384,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Cooksen Wealth LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth $229,000. Byrne Financial Freedom LLC lifted its holdings in shares of Exxon Mobil by 31.1% during the 1st quarter. Byrne Financial Freedom LLC now owns 4,642 shares of the oil and gas company's stock worth $552,000 after acquiring an additional 1,100 shares during the last quarter. YANKCOM Partnership lifted its holdings in shares of Exxon Mobil by 1.7% during the 1st quarter. YANKCOM Partnership now owns 14,343 shares of the oil and gas company's stock worth $1,706,000 after acquiring an additional 246 shares during the last quarter. Callan Capital LLC lifted its holdings in shares of Exxon Mobil by 9.3% during the 1st quarter. Callan Capital LLC now owns 11,422 shares of the oil and gas company's stock worth $1,358,000 after acquiring an additional 971 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Exxon Mobil by 25.7% during the 1st quarter. TD Private Client Wealth LLC now owns 52,000 shares of the oil and gas company's stock worth $6,184,000 after acquiring an additional 10,647 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 0.4%

Shares of XOM stock traded up $0.47 during mid-day trading on Friday, reaching $115.40. The stock had a trading volume of 11,639,620 shares, compared to its average volume of 17,020,082. The stock's 50-day moving average price is $107.83 and its two-hundred day moving average price is $108.72. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a market capitalization of $497.33 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on XOM. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Morgan Stanley decreased their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. UBS Group decreased their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Mizuho decreased their target price 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.

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.