Borer Denton & Associates Inc. Invests $227,000 in Exxon Mobil Co. (NYSE:XOM)

Borer Denton & Associates Inc. bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 1,933 shares of the oil and gas company’s stock, valued at approximately $227,000.

Other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its stake in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Exxon Mobil during the 1st quarter worth about $933,000. Earnest Partners LLC grew its holdings in Exxon Mobil by 22.3% during the 1st quarter. Earnest Partners LLC now owns 22,910 shares of the oil and gas company’s stock worth $2,663,000 after acquiring an additional 4,185 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in Exxon Mobil by 297.1% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 1,771,278 shares of the oil and gas company’s stock valued at $205,893,000 after acquiring an additional 1,325,220 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Exxon Mobil by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 624,665 shares of the oil and gas company’s stock worth $72,611,000 after acquiring an additional 6,072 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.1 %

Shares of NYSE XOM opened at $121.79 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a market cap of $535.28 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $119.39 and its 200-day moving average is $116.54.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.25%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Wall Street Analyst Weigh In

Several research firms have recently commented on XOM. UBS Group decreased their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Mizuho increased their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Barclays dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, November 4th. Finally, Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Company 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.