Pettyjohn Wood & White Inc. Increases Stock Holdings in Exxon Mobil Corporation $XOM

Pettyjohn Wood & White Inc. boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 107,537 shares of the oil and gas company’s stock after purchasing an additional 1,252 shares during the quarter. Exxon Mobil makes up 2.1% of Pettyjohn Wood & White Inc.’s portfolio, making the stock its 12th biggest holding. Pettyjohn Wood & White Inc.’s holdings in Exxon Mobil were worth $11,593,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Elequin Capital LP purchased a new position in shares of Exxon Mobil during the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its position in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $38,000. Finally, 1248 Management LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth approximately $40,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on XOM shares. Wells Fargo & Company initiated coverage on Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a report on Wednesday. UBS Group upped their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Bank of America lifted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.67.

Exxon Mobil Price Performance

XOM opened at $117.08 on Friday. The firm has a market cap of $493.75 billion, a PE ratio of 16.63, a P/E/G ratio of 2.06 and a beta of 0.49. The stock has a 50-day moving average price of $114.69 and a 200-day moving average price of $111.04. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

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.