First City Capital Management Inc. Has $6.01 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

First City Capital Management Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,259 shares of the oil and gas company’s stock after buying an additional 523 shares during the period. Exxon Mobil comprises approximately 3.1% of First City Capital Management Inc.’s investment portfolio, making the stock its 6th biggest position. First City Capital Management Inc.’s holdings in Exxon Mobil were worth $6,009,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC grew its stake in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $39,000. POM Investment Strategies LLC raised its stake in shares of Exxon Mobil by 918.9% during the second 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 in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $46,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on XOM shares. UBS Group reduced their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Up 0.9 %

NYSE:XOM opened at $120.33 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a market cap of $528.86 billion, a PE ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90. The company’s 50 day moving average is $118.59 and its two-hundred day moving average is $116.42.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.