Reaves W H & Co. Inc. Acquires 20,815 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Reaves W H & Co. Inc. increased its stake in Exxon Mobil by 6.4% to 346,890 shares, following the purchase of an additional 20,815 shares.
• Exxon Mobil reported a quarterly earnings of $1.64 EPS, exceeding analysts' estimates, with revenues of $81.51 billion for the quarter, despite a 12.4% year-over-year drop.
• The company recently announced a quarterly dividend of $0.99 per share, resulting in an annual yield of 3.7%, with a payout ratio of 56.25%.

Reaves W H & Co. Inc. raised its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 346,890 shares of the oil and gas company's stock after acquiring an additional 20,815 shares during the period. Reaves W H & Co. Inc.'s holdings in Exxon Mobil were worth $41,256,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Northern Trust Corp raised its stake in Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the period. Capital Research Global Investors grew its position in Exxon Mobil by 3.9% during the fourth quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company's stock worth $3,739,465,000 after buying an additional 1,293,111 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Exxon Mobil by 8.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company's stock valued at $2,409,106,000 after acquiring an additional 1,550,248 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Exxon Mobil by 10.1% during the 4th quarter. Deutsche Bank AG now owns 11,612,582 shares of the oil and gas company's stock valued at $1,249,165,000 after acquiring an additional 1,066,374 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil has an average rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Trading Down 0.5%

Shares of NYSE:XOM traded down $0.52 during midday trading on Thursday, reaching $105.99. The company's stock had a trading volume of 13,455,331 shares, compared to its average volume of 15,527,678. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a 50 day moving average price of $109.79 and a two-hundred day moving average price of $109.00. The firm has a market capitalization of $451.85 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 2.00 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company's revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.14 earnings per share. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil's dividend payout ratio is currently 56.25%.

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.