Morgan Stanley lifted its position in Exxon Mobil Co. (NYSE:XOM) by 19.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,022,731 shares of the oil and gas company’s stock after acquiring an additional 3,614,568 shares during the period. Exxon Mobil accounts for 0.5% of Morgan Stanley’s holdings, making the stock its 28th largest position. Morgan Stanley’s holdings in Exxon Mobil were worth $1,872,372,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Kwmg LLC purchased a new position in Exxon Mobil during the second quarter worth approximately $102,000. WESPAC Advisors SoCal LLC purchased a new position in Exxon Mobil during the third quarter worth approximately $110,000. Mainstay Capital Management LLC ADV lifted its position in Exxon Mobil by 112.7% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock worth $156,000 after buying an additional 1,000 shares in the last quarter. Camarda Financial Advisors LLC lifted its position in Exxon Mobil by 175.2% during the third quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock worth $156,000 after buying an additional 1,167 shares in the last quarter. Finally, Smart Portfolios LLC lifted its position in Exxon Mobil by 97.8% during the second quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock worth $167,000 after buying an additional 1,000 shares in the last quarter. 53.62% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:XOM opened at $80.15 on Friday. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36. The company has a current ratio of 0.84, a quick ratio of 0.51 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $339.63 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 1st. The oil and gas company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.43. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The company had revenue of $71.90 billion for the quarter, compared to the consensus estimate of $78.87 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 4.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were given a $0.82 dividend. The ex-dividend date was Friday, February 8th. This represents a $3.28 dividend on an annualized basis and a yield of 4.09%. Exxon Mobil’s dividend payout ratio is currently 66.53%.

A number of equities analysts recently commented on XOM shares. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 price objective on shares of Exxon Mobil in a research report on Tuesday, February 19th. Zacks Investment Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Sunday, January 6th. Wolfe Research upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. Berenberg Bank reiterated a “neutral” rating and set a $76.00 price objective on shares of Exxon Mobil in a research report on Wednesday, January 9th. Finally, Credit Suisse Group set a $79.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a research report on Tuesday, December 25th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $84.52.

In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total value of $1,092,600.00. Following the sale, the vice president now owns 223,461 shares in the company, valued at approximately $16,276,899.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is currently owned by insiders.

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About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: Beta

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

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