Navellier & Associates Inc. Trims Position in Exxon Mobil Co. (NYSE:XOM)

Navellier & Associates Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 58.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 70,752 shares of the oil and gas company’s stock after selling 97,531 shares during the quarter. Exxon Mobil comprises 1.1% of Navellier & Associates Inc.’s portfolio, making the stock its 18th largest holding. Navellier & Associates Inc.’s holdings in Exxon Mobil were worth $8,294,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. WFA Asset Management Corp boosted its position in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $933,000. Capital Group Private Client Services Inc. boosted its position in shares of Exxon Mobil by 829.7% during the first quarter. Capital Group Private Client Services Inc. now owns 124,897 shares of the oil and gas company’s stock valued at $14,518,000 after purchasing an additional 111,463 shares in the last quarter. Capital International Inc. CA boosted its position in shares of Exxon Mobil by 76.2% during the first quarter. Capital International Inc. CA now owns 156,169 shares of the oil and gas company’s stock valued at $18,153,000 after purchasing an additional 67,531 shares in the last quarter. Finally, Capital International Sarl bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $358,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.6 %

Exxon Mobil stock opened at $121.04 on Thursday. The stock has a market cap of $531.98 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a fifty day moving average of $118.96 and a 200 day moving average of $116.47.

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

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Analyst Ratings Changes

Several equities research analysts have commented on XOM shares. Barclays dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Mizuho boosted their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. JPMorgan Chase & Co. boosted their target price on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Wells Fargo & Company boosted their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, TD Cowen boosted their target price on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong 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 $130.21.

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.