Hixon Zuercher LLC Raises Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Hixon Zuercher LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,599 shares of the oil and gas company's stock after buying an additional 2,493 shares during the quarter. Exxon Mobil comprises 2.3% of Hixon Zuercher LLC's investment portfolio, making the stock its 12th biggest holding. Hixon Zuercher LLC's holdings in Exxon Mobil were worth $6,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tallon Kerry Patrick purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $789,000. SOA Wealth Advisors LLC. raised its position in Exxon Mobil by 29.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock worth $753,000 after acquiring an additional 1,595 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 13,899.5% in the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock valued at $1,963,000 after purchasing an additional 1,875,320 shares in the last quarter. Garrett Wealth Advisory Group LLC grew its position in shares of Exxon Mobil by 4.1% in the fourth quarter. Garrett Wealth Advisory Group LLC now owns 41,562 shares of the oil and gas company's stock valued at $4,471,000 after purchasing an additional 1,629 shares during the last quarter. Finally, Lanham O Dell & Company Inc. purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $227,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on XOM. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Scotiabank reduced 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 research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $125.40.

Exxon Mobil Stock Up 1.0%

Shares of NYSE XOM traded up $1.10 on Thursday, hitting $112.15. The company had a trading volume of 11,223,580 shares, compared to its average volume of 15,727,119. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market capitalization of $483.33 billion, a P/E ratio of 14.87, a PEG ratio of 2.12 and a beta of 0.50. The business has a 50 day moving average of $107.17 and a two-hundred day moving average of $108.45.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. 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.