Fragasso Group Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,553 shares of the oil and gas company’s stock after purchasing an additional 1,157 shares during the quarter. Exxon Mobil comprises approximately 0.6% of Fragasso Group Inc.’s holdings, making the stock its 22nd largest position. Fragasso Group Inc.’s holdings in Exxon Mobil were worth $2,123,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWH Capital Management Inc. bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $114,000. Acrospire Investment Management LLC raised its holdings in shares of Exxon Mobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after buying an additional 1,100 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after buying an additional 50 shares in the last quarter. Saratoga Research & Investment Management acquired a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $172,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $175,000. Hedge funds and other institutional investors own 51.29% of the company’s stock.

A number of equities analysts have recently issued reports on the company. Barclays cut Exxon Mobil from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $91.00 to $84.00 in a report on Tuesday, February 6th. Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.50 target price for the company in a report on Monday, February 5th. Jefferies Group reissued a “neutral” rating and issued a $87.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Credit Suisse Group dropped their target price on Exxon Mobil from $84.00 to $80.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $83.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $87.42.

In other news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the completion of the sale, the vice president now directly owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock valued at $4,273,910 over the last three months. Insiders own 0.08% of the company’s stock.

Shares of Exxon Mobil Co. (NYSE:XOM) opened at $76.30 on Wednesday. Exxon Mobil Co. has a twelve month low of $73.90 and a twelve month high of $89.30. The firm has a market capitalization of $323,290.00, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.02 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The business had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same period in the prior year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. equities analysts anticipate that Exxon Mobil Co. will post 4.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 annualized dividend and a dividend yield of 4.04%. Exxon Mobil’s dividend payout ratio (DPR) is currently 66.52%.

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About Exxon Mobil

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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