D. Scott Neal Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 9.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,393 shares of the oil and gas company’s stock after selling 355 shares during the quarter. D. Scott Neal Inc.’s holdings in Exxon Mobil were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. KMG Fiduciary Partners LLC lifted its holdings in shares of Exxon Mobil by 18.5% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 13,954 shares of the oil and gas company’s stock valued at $1,218,000 after acquiring an additional 2,176 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in Exxon Mobil by 9.5% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 48,130 shares of the oil and gas company’s stock worth $4,202,000 after buying an additional 4,189 shares in the last quarter. Northwest Wealth Management LLC lifted its holdings in Exxon Mobil by 3.8% in the 3rd quarter. Northwest Wealth Management LLC now owns 11,154 shares of the oil and gas company’s stock worth $974,000 after buying an additional 412 shares in the last quarter. Cornerstone Capital Inc. lifted its holdings in Exxon Mobil by 3.9% in the 3rd quarter. Cornerstone Capital Inc. now owns 3,824 shares of the oil and gas company’s stock worth $334,000 after buying an additional 142 shares in the last quarter. Finally, 4J Wealth Management LLC lifted its holdings in Exxon Mobil by 2.0% in the 3rd quarter. 4J Wealth Management LLC now owns 9,276 shares of the oil and gas company’s stock worth $810,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on XOM shares. StockNews.com started coverage on shares of Exxon Mobil in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup boosted their price objective on shares of Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday. Credit Suisse Group boosted their target price on shares of Exxon Mobil to $130.00 in a research report on Tuesday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Exxon Mobil from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 18th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.
Insider Buying and Selling at Exxon Mobil
Exxon Mobil Trading Up 1.7 %
Exxon Mobil stock opened at $113.22 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $109.54 and a two-hundred day moving average price of $99.58. The firm has a market capitalization of $466.27 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.41 and a beta of 1.11. Exxon Mobil Co. has a 52-week low of $69.81 and a 52-week high of $114.66.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. The firm had revenue of $112.07 billion during the quarter, compared to analyst estimates 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 was up 51.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 13.89 earnings per share 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 dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.21%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, November 14th. Exxon Mobil’s payout ratio is presently 29.71%.
Exxon Mobil Company Profile
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.
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