Exxon Mobil Corporation (NYSE:XOM) Shares Purchased by Means Investment CO. Inc.

Means Investment CO. Inc. boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 52.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 31,859 shares of the oil and gas company's stock after acquiring an additional 10,983 shares during the quarter. Means Investment CO. Inc.'s holdings in Exxon Mobil were worth $3,789,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its holdings in Exxon Mobil by 24.1% in the 4th 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 in the last quarter. Accredited Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter valued at $55,000. Legacy Trust lifted its holdings in 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 in the last quarter. Renasant Bank lifted its holdings in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after purchasing an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV lifted its holdings in Exxon Mobil by 1.6% in the 4th 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 purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Mizuho reduced 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. Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Up 1.4%

Shares of XOM opened at $114.81 on Friday. The firm has a market cap of $494.77 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 2.26 and a beta of 0.49. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company's 50-day moving average price is $106.56 and its 200 day moving average price is $108.64. 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 issued its quarterly earnings data 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. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.

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