Ballentine Partners LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Ballentine Partners LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 8.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,389 shares of the oil and gas company’s stock after purchasing an additional 4,725 shares during the quarter. Ballentine Partners LLC’s holdings in Exxon Mobil were worth $6,604,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Wealth Management Investment Advisory Inc. boosted its holdings in Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after buying an additional 4,578 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Exxon Mobil by 4.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after acquiring an additional 5,985 shares during the period. Helen Stephens Group LLC boosted its holdings in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock worth $4,479,000 after acquiring an additional 2,825 shares during the period. Brooklyn Investment Group grew its position in shares of Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after purchasing an additional 6,753 shares in the last quarter. Finally, Parthenon LLC raised its stake in shares of Exxon Mobil by 2.4% during the 3rd quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after purchasing an additional 4,445 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $109.46 on Thursday. The stock has a market capitalization of $481.07 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. The company has a fifty day moving average of $112.22 and a 200-day moving average of $115.48. Exxon Mobil Co. has a 52-week low of $96.73 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

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 (EPS) for the quarter, beating 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 period last year, the firm earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XOM. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. TD Cowen lowered their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil 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.