DMG Group LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

DMG Group LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 21.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,668 shares of the oil and gas company’s stock after selling 3,115 shares during the quarter. Exxon Mobil makes up about 1.3% of DMG Group LLC’s holdings, making the stock its 17th largest position. DMG Group LLC’s holdings in Exxon Mobil were worth $1,073,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC boosted its stake in shares of Exxon Mobil by 0.3% during the second quarter. Global Retirement Partners LLC now owns 51,444 shares of the oil and gas company’s stock worth $4,406,000 after buying an additional 156 shares during the period. CTC Capital Management LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth about $1,807,000. WMG Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 0.9% during the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after buying an additional 108 shares during the period. Radnor Capital Management LLC boosted its stake in shares of Exxon Mobil by 0.8% during the second quarter. Radnor Capital Management LLC now owns 157,128 shares of the oil and gas company’s stock worth $13,456,000 after buying an additional 1,241 shares during the period. Finally, Polaris Wealth Advisory Group LLC boosted its stake in shares of Exxon Mobil by 3,880.2% during the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after buying an additional 200,102 shares during the period. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Credit Suisse Group increased their target price on shares of Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Jefferies Financial Group upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and raised their price objective for the company from $90.00 to $133.00 in a research report on Wednesday, October 19th. Truist Financial raised their price objective on shares of Exxon Mobil from $111.00 to $114.00 in a research report on Monday, October 31st. Citigroup raised their price objective on shares of Exxon Mobil from $98.00 to $110.00 in a research report on Tuesday, November 22nd. Finally, StockNews.com assumed coverage on shares of Exxon Mobil in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.41.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, October 31st. The shares were sold at an average price of $110.47, for a total value of $276,175.00. Following the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $2,801,850.61. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

Exxon Mobil Stock Up 1.7 %

XOM stock opened at $113.22 on Friday. The stock has a market capitalization of $466.27 billion, a P/E ratio of 9.24, a PEG ratio of 0.41 and a beta of 1.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. Exxon Mobil Co. has a one year low of $69.81 and a one year high of $114.66. The company has a 50 day moving average price of $109.54 and a two-hundred day moving average price of $99.58.

Exxon Mobil (NYSE:XOMGet Rating) last released its earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, topping the consensus estimate of $3.88 by $0.57. The firm had revenue of $112.07 billion during the quarter, compared to analysts’ expectations of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. Exxon Mobil’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 13.89 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were paid a $0.91 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a yield of 3.21%. The ex-dividend date was Monday, November 14th. Exxon Mobil’s payout ratio is presently 29.71%.

About Exxon Mobil

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMGet Rating).

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

Receive News & Ratings 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.