Nixon Peabody Trust Co. Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Nixon Peabody Trust Co. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,265 shares of the oil and gas company’s stock after acquiring an additional 878 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Exxon Mobil were worth $13,511,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Fairway Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC increased its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil during the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC increased its holdings in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the second quarter worth about $46,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price target on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Morgan Stanley cut their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Up 0.6 %

Shares of XOM traded up $0.72 during trading hours on Monday, reaching $120.03. The company’s stock had a trading volume of 707,631 shares, compared to its average volume of 16,265,480. The company has a 50 day moving average of $118.49 and a two-hundred day moving average of $116.39. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $527.54 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the business posted $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.30%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

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.