V. M. Manning & CO. Inc. Purchases Shares of 4,230 Exxon Mobil Corporation $XOM

V. M. Manning & CO. Inc. acquired a new stake in Exxon Mobil Corporation (NYSE:XOM) in the 2nd quarter, Holdings Channel reports. The firm acquired 4,230 shares of the oil and gas company’s stock, valued at approximately $484,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Exxon Mobil by 0.3% in the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock worth $46,468,147,000 after acquiring an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Exxon Mobil by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after purchasing an additional 342,967 shares in the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $6,163,719,000. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after purchasing an additional 1,274,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 3.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after purchasing an additional 1,126,912 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.6%

NYSE:XOM opened at $118.77 on Monday. The company has a market capitalization of $500.88 billion, a PE ratio of 17.26, a P/E/G ratio of 7.48 and a beta of 0.38. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The stock’s 50 day moving average price is $115.60 and its 200 day moving average price is $112.29. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $1.03 per share. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research note on Monday, December 8th. Jefferies Financial Group increased their price objective on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup raised their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays decreased their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Morgan Stanley increased their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.24.

About Exxon Mobil

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.