Financiere des Professionnels Fonds d investissement inc. Increases Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Financiere des Professionnels Fonds d investissement inc. raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,470 shares of the oil and gas company's stock after acquiring an additional 9,046 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Exxon Mobil were worth $8,500,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $6,936,737,000. GAMMA Investing LLC increased its holdings in shares of Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 13.1% in the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock valued at $3,836,226,000 after purchasing an additional 4,140,046 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $240,653,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on XOM. Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $125.55.

Exxon Mobil Trading Up 2.8%

Shares of NYSE:XOM traded up $3.08 during trading on Tuesday, reaching $114.19. 17,907,952 shares of the company traded hands, compared to its average volume of 15,778,755. The firm has a market capitalization of $492.12 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 2.16 and a beta of 0.50. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The business's fifty day moving average is $107.37 and its 200-day moving average is $108.58.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 earnings per share. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Exxon Mobil 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.