Boston Research & Management Inc. Purchases 1,362 Shares of Exxon Mobil Corporation $XOM

Boston Research & Management Inc. grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,774 shares of the oil and gas company’s stock after purchasing an additional 1,362 shares during the quarter. Exxon Mobil comprises approximately 1.4% of Boston Research & Management Inc.’s portfolio, making the stock its 24th biggest holding. Boston Research & Management Inc.’s holdings in Exxon Mobil were worth $5,904,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Elequin Capital LP purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC boosted its holdings in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil in the second quarter valued at $38,000. Finally, 1248 Management LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $40,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.1%

Shares of Exxon Mobil stock opened at $117.08 on Friday. 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 Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm has a market cap of $493.75 billion, a PE ratio of 16.63, a PEG ratio of 2.06 and a beta of 0.49. The company has a 50 day simple moving average of $114.69 and a two-hundred day simple moving average of $111.08.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion for the quarter. Analysts expect 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. Shareholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a 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 dividend payout ratio is presently 59.88%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XOM. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Bank of America raised their price objective 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. Barclays decreased their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Exxon Mobil in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

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.