Ferguson Wellman Capital Management Inc. Has $24.11 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Ferguson Wellman Capital Management Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 86.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,404 shares of the oil and gas company’s stock after buying an additional 97,310 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Exxon Mobil were worth $24,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter worth $25,000. First Pacific Financial acquired a new position in shares of Exxon Mobil during the first quarter valued at $34,000. Partnership Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Lynx Investment Advisory bought a new stake in Exxon Mobil during the 2nd quarter worth about $47,000. Finally, Vima LLC acquired a new position in Exxon Mobil during the 4th quarter valued at about $50,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XOM shares. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. HSBC raised their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.39.

Exxon Mobil Stock Up 1.4 %

Shares of NYSE XOM traded up $1.64 during midday trading on Wednesday, reaching $119.50. The company’s stock had a trading volume of 6,671,783 shares, compared to its average volume of 17,266,938. The stock has a 50 day simple moving average of $114.37 and a 200-day simple moving average of $113.15. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $471.19 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.18%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.