Bedell Frazier Investment Counselling LLC Has $8.79 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Bedell Frazier Investment Counselling LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 0.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 74,959 shares of the oil and gas company’s stock after selling 344 shares during the quarter. Exxon Mobil accounts for about 2.1% of Bedell Frazier Investment Counselling LLC’s investment portfolio, making the stock its 14th biggest holding. Bedell Frazier Investment Counselling LLC’s holdings in Exxon Mobil were worth $8,787,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. WFA Asset Management Corp boosted its position in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in Exxon Mobil during the first quarter worth approximately $933,000. Earnest Partners LLC boosted its position in Exxon Mobil by 22.3% during the first quarter. Earnest Partners LLC now owns 22,910 shares of the oil and gas company’s stock worth $2,663,000 after purchasing an additional 4,185 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Exxon Mobil by 29.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock valued at $390,000 after acquiring an additional 762 shares during the period. Finally, Icon Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 1.8% in the first quarter. Icon Wealth Advisors LLC now owns 154,902 shares of the oil and gas company’s stock valued at $18,006,000 after acquiring an additional 2,755 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $121.79 on Monday. The business’s 50-day simple moving average is $119.39 and its 200 day simple moving average is $116.55. The stock has a market cap of $535.28 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter last year, the business earned $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.96 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.25%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XOM shares. The Goldman Sachs Group increased their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, November 4th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.21.

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.