Westwood Holdings Group Inc. Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Westwood Holdings Group Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 786,564 shares of the oil and gas company's stock after buying an additional 13,800 shares during the period. Westwood Holdings Group Inc.'s holdings in Exxon Mobil were worth $84,611,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil in the fourth quarter worth about $6,936,737,000. Northern Trust Corp raised its holdings in 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 worth $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in 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 worth $3,836,226,000 after buying an additional 4,140,046 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $108.13 on Monday. The stock has a 50-day simple moving average of $108.98 and a 200-day simple moving average of $110.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market capitalization of $466.01 billion, a PE ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on XOM shares. Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Scotiabank dropped their price target 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. Mizuho dropped their price target 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. Finally, Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Company 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.

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