Main Street Research LLC Has $29.94 Million Stake in Exxon Mobil Corporation (NYSE:XOM)

Main Street Research LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 251,705 shares of the oil and gas company's stock after acquiring an additional 8,790 shares during the quarter. Exxon Mobil comprises approximately 2.0% of Main Street Research LLC's holdings, making the stock its 28th largest position. Main Street Research LLC's holdings in Exxon Mobil were worth $29,935,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in XOM. Proficio Capital Partners LLC boosted its position in Exxon Mobil by 35.3% during the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock worth $1,963,000 after acquiring an additional 4,760 shares during the period. Cascade Financial Partners LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $268,000. Truvestments Capital LLC boosted its stake in Exxon Mobil by 8.3% during the fourth quarter. Truvestments Capital LLC now owns 4,274 shares of the oil and gas company's stock valued at $460,000 after buying an additional 327 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Exxon Mobil by 58.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 147,833 shares of the oil and gas company's stock valued at $15,902,000 after buying an additional 54,511 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Exxon Mobil during the fourth quarter valued at about $8,588,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.4%

Shares of XOM traded up $0.47 during midday trading on Friday, reaching $115.40. 11,683,034 shares of the stock were exchanged, compared to its average volume of 15,798,174. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a 50 day simple moving average of $107.83 and a 200-day simple moving average of $108.72. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company has a market cap of $497.33 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 2.21 and a beta of 0.50.

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

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XOM shares. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.05.

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.