Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Mystic Asset Management Inc.

Mystic Asset Management Inc. boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,787 shares of the oil and gas company's stock after acquiring an additional 3,101 shares during the period. Exxon Mobil accounts for approximately 1.3% of Mystic Asset Management Inc.'s investment portfolio, making the stock its 16th biggest position. Mystic Asset Management Inc.'s holdings in Exxon Mobil were worth $5,089,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Hardy Reed LLC boosted its holdings in Exxon Mobil by 1.3% in the 1st quarter. Hardy Reed LLC now owns 28,603 shares of the oil and gas company's stock valued at $3,402,000 after purchasing an additional 364 shares during the last quarter. Forte Capital LLC ADV boosted its holdings in Exxon Mobil by 3.7% in the 1st quarter. Forte Capital LLC ADV now owns 17,840 shares of the oil and gas company's stock valued at $2,122,000 after purchasing an additional 642 shares during the last quarter. Pzena Investment Management LLC boosted its holdings in Exxon Mobil by 3.2% in the 1st quarter. Pzena Investment Management LLC now owns 615,423 shares of the oil and gas company's stock valued at $73,192,000 after purchasing an additional 19,034 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Exxon Mobil by 2.0% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 760,159 shares of the oil and gas company's stock valued at $90,406,000 after purchasing an additional 15,086 shares during the last quarter. Finally, Forum Financial Management LP boosted its holdings in Exxon Mobil by 0.3% in the 1st quarter. Forum Financial Management LP now owns 87,498 shares of the oil and gas company's stock valued at $10,406,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Stock Down 3.4%

Shares of NYSE:XOM traded down $3.79 during trading hours on Friday, reaching $107.87. The stock had a trading volume of 32,323,515 shares, compared to its average volume of 15,860,627. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm's 50 day moving average is $108.66 and its 200-day moving average is $108.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock has a market capitalization of $464.88 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 2.01 and a beta of 0.50.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors 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 yield of 3.67%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 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.