Pettyjohn Wood & White Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 112,407 shares of the oil and gas company’s stock after acquiring an additional 3,710 shares during the period. Exxon Mobil comprises 2.7% of Pettyjohn Wood & White Inc.’s portfolio, making the stock its 6th biggest position. Pettyjohn Wood & White Inc.’s holdings in Exxon Mobil were worth $8,614,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Kanawha Capital Management LLC raised its position in Exxon Mobil by 5.7% during the 4th quarter. Kanawha Capital Management LLC now owns 161,162 shares of the oil and gas company’s stock valued at $10,990,000 after purchasing an additional 8,725 shares in the last quarter. Monarch Capital Management Inc. increased its holdings in shares of Exxon Mobil by 0.9% in the 4th quarter. Monarch Capital Management Inc. now owns 77,069 shares of the oil and gas company’s stock valued at $5,255,000 after acquiring an additional 650 shares during the period. Clean Yield Group increased its holdings in shares of Exxon Mobil by 37.5% in the 4th quarter. Clean Yield Group now owns 8,451 shares of the oil and gas company’s stock valued at $576,000 after acquiring an additional 2,304 shares during the period. Strs Ohio increased its holdings in shares of Exxon Mobil by 0.6% in the 4th quarter. Strs Ohio now owns 2,784,429 shares of the oil and gas company’s stock valued at $189,870,000 after acquiring an additional 17,205 shares during the period. Finally, Portland Global Advisors LLC increased its holdings in shares of Exxon Mobil by 7.7% in the 4th quarter. Portland Global Advisors LLC now owns 30,313 shares of the oil and gas company’s stock valued at $2,067,000 after acquiring an additional 2,160 shares during the period. 54.48% of the stock is owned by hedge funds and other institutional investors.
Shares of XOM stock opened at $68.97 on Friday. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $87.36. The stock’s fifty day moving average price is $73.32 and its 200 day moving average price is $76.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The company has a market cap of $292.07 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.99 and a beta of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 5.05%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
A number of research analysts have recently issued reports on the company. Bank of America reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a report on Monday, August 5th. BMO Capital Markets assumed coverage on Exxon Mobil in a report on Tuesday. They issued a “market perform” rating and a $86.00 price target on the stock. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley cut their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Finally, DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and cut their price target for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $81.83.
In related news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.05% of the stock is owned by insiders.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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