Thurston Springer Miller Herd & Titak Inc. Buys 3,047 Shares of Exxon Mobil Co. (NYSE:XOM)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 12.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,865 shares of the oil and gas company’s stock after purchasing an additional 3,047 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Exxon Mobil were worth $3,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick bought a new position in Exxon Mobil in the fourth quarter worth approximately $789,000. Union Bancaire Privee UBP SA bought a new position in Exxon Mobil in the fourth quarter worth approximately $48,348,000. SeaBridge Investment Advisors LLC raised its stake in shares of Exxon Mobil by 16.3% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 9,734 shares of the oil and gas company’s stock worth $1,047,000 after purchasing an additional 1,362 shares during the last quarter. Alpha Omega Wealth Management LLC raised its stake in shares of Exxon Mobil by 6.2% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 23,290 shares of the oil and gas company’s stock worth $2,505,000 after purchasing an additional 1,360 shares during the last quarter. Finally, Independence Bank of Kentucky raised its stake in shares of Exxon Mobil by 2.6% in the fourth quarter. Independence Bank of Kentucky now owns 36,841 shares of the oil and gas company’s stock worth $3,963,000 after purchasing an additional 945 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XOM. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank lowered 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 report on Friday, April 11th. Mizuho dropped their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $102.33 on Thursday. The company has a market capitalization of $441.01 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. 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 50 day moving average of $106.06 and a 200 day moving average of $109.42.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 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.