Shares of Exxon Mobil Co. (NYSE:XOM) bought by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.9% during the second quarter, HoldingsChannel.com reports. The fund owned 19,010 shares of the oil and gas company’s stock after acquiring an additional 529 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Exxon Mobil were worth $2,188,000 as of its most recent SEC filing.

Several other large investors have added to or reduced their stakes in XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter worth $25,000. First Pacific Financial purchased a new position in shares of Exxon Mobil in the first quarter valued at about $34,000. Lynx Investment Advisory purchased a new position in shares of Exxon Mobil in the second quarter valued at about $47,000. Partnership Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Finally, Vima LLC purchased a new position in Exxon Mobil during the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 61.80% of the company’s shares.

Exxon Mobil stock performance

NYSE:XOM opened at $118.17 on Friday. The company has a market cap of $465.95 billion, a P/E ratio of 14.48, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company’s 50-day moving average price is $114.69 and its 200-day moving average price is $113.39. The company has a current ratio of 1.38, a quick ratio of 1.06, and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s revenue increased by 12.2% year-on-year. In the same period last year, the company posted EPS of $1.94. On average, sell-side analysts estimate that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents an annualized dividend of $3.80 and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, August 15. Exxon Mobil’s payout ratio is currently 46.57%.

The Wall Street analyst weighs in

A number of brokerages have recently commented on XOM. UBS Group raised their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. TD Cowen upped their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Wolfe Research began 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 on the stock. HSBC raised their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.39, based on data from MarketBeat.

Check out our latest research report on XOM

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through the Upstream, Energy Products, Chemicals and Specialty Products segments. The Upstream segment explores and produces crude oil and natural gas.

Featured stories

Want to see what other hedge funds hold XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Exxon Mobil Co. (NYSE:XOM – Free Report).

Get news and reviews for Exxon Mobil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Exxon Mobil and related companies with MarketBeat.com’s FREE daily email newsletter.