Moors & Cabot Inc. Buys 8,135 Shares of Exxon Mobil Co. (NYSE:XOM)

Moors & Cabot Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,967 shares of the oil and gas company’s stock after purchasing an additional 8,135 shares during the quarter. Exxon Mobil makes up about 1.2% of Moors & Cabot Inc.’s portfolio, making the stock its 10th largest holding. Moors & Cabot Inc.’s holdings in Exxon Mobil were worth $23,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Gilbert & Cook Inc. increased its position in Exxon Mobil by 2.2% in the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after acquiring an additional 545 shares during the period. Aveo Capital Partners LLC raised its position in Exxon Mobil by 5.0% during the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock worth $2,053,000 after purchasing an additional 984 shares during the last quarter. Gryphon Financial Partners LLC increased its stake in shares of Exxon Mobil by 42.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock valued at $1,827,000 after buying an additional 5,565 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of Exxon Mobil by 18.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 400 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth approximately $915,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $114.22 on Wednesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $115.73 and a 200-day moving average price of $115.25. The company has a market cap of $450.37 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Sanford C. Bernstein lowered their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Wolfe Research assumed coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.24.

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.