Banque Pictet & Cie SA Has $755,000 Position in Exxon Mobil Co. (NYSE:XOM)

Banque Pictet & Cie SA raised its position in Exxon Mobil Co. (NYSE:XOM) by 52.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,555 shares of the oil and gas company’s stock after buying an additional 2,255 shares during the quarter. Banque Pictet & Cie SA’s holdings in Exxon Mobil were worth $755,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Merchants Corp grew its stake in shares of Exxon Mobil by 18.9% in the second quarter. First Merchants Corp now owns 38,107 shares of the oil and gas company’s stock valued at $4,387,000 after acquiring an additional 6,056 shares in the last quarter. Bank of Stockton boosted its holdings in Exxon Mobil by 8.9% in the 2nd quarter. Bank of Stockton now owns 10,724 shares of the oil and gas company’s stock valued at $1,235,000 after purchasing an additional 880 shares during the period. Schwartz Investment Counsel Inc. boosted its holdings in Exxon Mobil by 115.6% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 226,051 shares of the oil and gas company’s stock valued at $26,023,000 after purchasing an additional 121,201 shares during the period. Beacon Capital Management LLC grew its position in shares of Exxon Mobil by 4.4% during the 2nd quarter. Beacon Capital Management LLC now owns 8,188 shares of the oil and gas company’s stock worth $943,000 after purchasing an additional 347 shares in the last quarter. Finally, Waypoint Wealth Partners Inc. raised its position in shares of Exxon Mobil by 79.0% in the second quarter. Waypoint Wealth Partners Inc. now owns 7,795 shares of the oil and gas company’s stock valued at $897,000 after buying an additional 3,440 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. UBS Group increased their price target on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Barclays decreased their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Sanford C. Bernstein cut their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Wednesday, May 15th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.56.

Exxon Mobil Trading Up 1.4 %

Shares of XOM stock traded up $1.59 during mid-day trading on Friday, reaching $116.32. 10,381,431 shares of the stock traded hands, compared to its average volume of 17,064,939. The stock’s fifty day simple moving average is $115.14 and its two-hundred day simple moving average is $113.86. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $458.65 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.