Pathstone Holdings LLC Has $50.43 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Pathstone Holdings LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468,682 shares of the oil and gas company's stock after selling 17,380 shares during the quarter. Pathstone Holdings LLC's holdings in Exxon Mobil were worth $50,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. RMR Wealth Builders raised its holdings in Exxon Mobil by 3.1% in the 4th quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company's stock worth $3,447,000 after acquiring an additional 960 shares during the period. Bridge Creek Capital Management LLC raised its holdings in Exxon Mobil by 0.8% in the 4th quarter. Bridge Creek Capital Management LLC now owns 35,246 shares of the oil and gas company's stock worth $3,791,000 after acquiring an additional 295 shares during the period. Forza Wealth Management LLC raised its holdings in Exxon Mobil by 0.9% in the 4th quarter. Forza Wealth Management LLC now owns 27,061 shares of the oil and gas company's stock worth $2,911,000 after acquiring an additional 233 shares during the period. Harbour Capital Advisors LLC raised its holdings in Exxon Mobil by 1.3% in the 4th quarter. Harbour Capital Advisors LLC now owns 51,412 shares of the oil and gas company's stock worth $5,545,000 after acquiring an additional 645 shares during the period. Finally, Fulcrum Capital LLC bought a new position in Exxon Mobil in the 4th quarter worth $452,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley dropped their target price 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. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.45 during trading on Friday, hitting $108.13. 14,040,466 shares of the company's stock traded hands, compared to its average volume of 15,557,146. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm's fifty day moving average price is $109.00 and its 200 day moving average price is $110.91. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market cap of $466.01 billion, a PE ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business 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 business earned $2.06 EPS. The firm's revenue was up .1% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

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.