Dorsey & Whitney Trust CO LLC Increases Holdings in Exxon Mobil Corporation $XOM

Dorsey & Whitney Trust CO LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 14.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,543 shares of the oil and gas company’s stock after buying an additional 4,011 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Exxon Mobil were worth $3,870,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Axis Wealth Partners LLC boosted its position in shares of Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after purchasing an additional 93 shares in the last quarter. Gagnon Securities LLC boosted its position in shares of Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after purchasing an additional 95 shares in the last quarter. Ascent Capital Management LLC boosted its position in shares of Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock valued at $584,000 after purchasing an additional 96 shares in the last quarter. DDD Partners LLC boosted its position in shares of Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 96 shares in the last quarter. Finally, Waypoint Wealth Partners Inc. boosted its position in shares of Exxon Mobil by 2.1% during the first quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company’s stock valued at $556,000 after purchasing an additional 96 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $107.3140 on Wednesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a fifty day moving average price of $110.29 and a 200-day moving average price of $108.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market capitalization of $457.51 billion, a PE ratio of 15.24, a PEG ratio of 2.00 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter in the previous year, the business earned $2.14 earnings per share. The company’s revenue was down 12.4% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil’s payout ratio is currently 56.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on XOM shares. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. Wall Street Zen cut Exxon Mobil from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho reduced their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and an average price target of $125.84.

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.