Exxon Mobil Co. (NYSE:XOM) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 24.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,070 shares of the oil and gas company’s stock after selling 41,211 shares during the period. Advisors Asset Management Inc.’s holdings in Exxon Mobil were worth $15,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the second quarter worth approximately $35,000. Anfield Capital Management LLC increased its stake in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth about $39,000. POM Investment Strategies LLC boosted its position in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in Exxon Mobil during the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research reports. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Stock Performance

Shares of XOM opened at $118.60 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The business’s fifty day moving average price is $118.75 and its 200 day moving average price is $116.44. The stock has a market capitalization of $521.26 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Exxon Mobil Profile

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