JARISLOWSKY FRASER Ltd Has $18.04 Million Stake in Exxon Mobil Co. (NYSE:XOM)

JARISLOWSKY FRASER Ltd cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,711 shares of the oil and gas company’s stock after selling 1,291 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Exxon Mobil were worth $18,041,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. West Oak Capital LLC raised its position in shares of Exxon Mobil by 0.6% in the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 92 shares during the period. Beacon Capital Management LLC raised its holdings in Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after acquiring an additional 93 shares during the period. Cadent Capital Advisors LLC lifted its position in Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock worth $4,020,000 after acquiring an additional 94 shares during the last quarter. Lincoln Capital LLC boosted its holdings in Exxon Mobil by 1.1% during the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock valued at $917,000 after acquiring an additional 94 shares during the period. Finally, Altus Wealth Group LLC boosted its holdings in Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after acquiring an additional 94 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Wells Fargo & Company cut their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Bernstein Bank raised their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays cut their target price on shares of Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Finally, Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.85.

Exxon Mobil Price Performance

NYSE:XOM opened at $107.38 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $464.45 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company’s 50-day moving average price is $108.97 and its two-hundred day moving average price is $111.15.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the firm posted $2.06 earnings per share. The company’s revenue was up .1% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 3.69%. Exxon Mobil’s payout ratio is currently 52.52%.

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.