First Republic Investment Management Inc. Has $316.53 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

First Republic Investment Management Inc. grew its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,625,355 shares of the oil and gas company’s stock after purchasing an additional 201,326 shares during the quarter. Exxon Mobil comprises approximately 0.8% of First Republic Investment Management Inc.’s holdings, making the stock its 19th largest holding. First Republic Investment Management Inc. owned 0.09% of Exxon Mobil worth $316,530,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Wilson & Boucher Capital Management LLC increased its position in shares of Exxon Mobil by 1.8% in the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after buying an additional 95 shares in the last quarter. Blooom Inc. increased its position in shares of Exxon Mobil by 0.8% in the 3rd quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock valued at $1,082,000 after buying an additional 97 shares in the last quarter. OneAscent Wealth Management LLC increased its position in shares of Exxon Mobil by 1.5% in the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock valued at $589,000 after buying an additional 97 shares in the last quarter. Sather Financial Group Inc increased its position in shares of Exxon Mobil by 2.6% in the 3rd quarter. Sather Financial Group Inc now owns 4,030 shares of the oil and gas company’s stock valued at $352,000 after buying an additional 101 shares in the last quarter. Finally, Forefront Wealth Management Inc. increased its position in shares of Exxon Mobil by 2.8% in the 3rd quarter. Forefront Wealth Management Inc. now owns 3,743 shares of the oil and gas company’s stock valued at $327,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Trading Up 0.9 %

Shares of NYSE:XOM opened at $113.81 on Wednesday. The company has a 50-day simple moving average of $109.54 and a 200 day simple moving average of $101.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. The company has a market capitalization of $468.70 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 52-week low of $71.39 and a 52-week high of $126.54.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.57. The firm had revenue of $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The business’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 13.92 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is 29.71%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the sale, the vice president now directly owns 34,272 shares in the company, valued at $3,598,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on XOM. Morgan Stanley increased their target price on Exxon Mobil from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Wednesday, October 19th. JPMorgan Chase & Co. increased their target price on Exxon Mobil from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, October 18th. Jefferies Financial Group upgraded Exxon Mobil from a “hold” rating to a “buy” rating and increased their target price for the stock from $90.00 to $133.00 in a report on Wednesday, October 19th. Cowen increased their target price on Exxon Mobil to $108.00 in a report on Friday, November 4th. Finally, Mizuho upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the stock from $90.00 to $140.00 in a report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.35.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.