Diamant Asset Management Inc. Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Diamant Asset Management Inc. lifted its position in Exxon Mobil Co. (NYSE:XOM) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,949 shares of the oil and gas company’s stock after buying an additional 120 shares during the period. Exxon Mobil makes up about 1.0% of Diamant Asset Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Diamant Asset Management Inc.’s holdings in Exxon Mobil were worth $1,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Advisory Resource Group raised its holdings in Exxon Mobil by 3.0% in the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company’s stock worth $5,123,000 after purchasing an additional 1,270 shares during the period. Passumpsic Savings Bank raised its holdings in Exxon Mobil by 50.5% in the 3rd quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company’s stock worth $424,000 after purchasing an additional 1,214 shares during the period. McIlrath & Eck LLC raised its holdings in Exxon Mobil by 7.4% in the 3rd quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company’s stock worth $657,000 after purchasing an additional 387 shares during the period. Second Line Capital LLC raised its holdings in Exxon Mobil by 15.3% in the 3rd quarter. Second Line Capital LLC now owns 50,448 shares of the oil and gas company’s stock worth $5,913,000 after purchasing an additional 6,693 shares during the period. Finally, Hohimer Wealth Management LLC raised its holdings in Exxon Mobil by 0.5% in the 3rd quarter. Hohimer Wealth Management LLC now owns 43,944 shares of the oil and gas company’s stock worth $5,151,000 after purchasing an additional 216 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.7 %

Shares of NYSE:XOM opened at $111.89 on Thursday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The business has a 50 day simple moving average of $119.53 and a two-hundred day simple moving average of $116.46. The firm has a market capitalization of $491.77 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 4.74 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group raised their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Morgan Stanley decreased their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

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.