Overbrook Management Corp Has $1.43 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Overbrook Management Corp trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 7.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,198 shares of the oil and gas company’s stock after selling 990 shares during the period. Overbrook Management Corp’s holdings in Exxon Mobil were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Creekside Partners acquired a new stake in Exxon Mobil in the 3rd quarter worth $201,000. Cornerstone Advisors LLC grew its position in Exxon Mobil by 7.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 264,427 shares of the oil and gas company’s stock worth $30,996,000 after purchasing an additional 17,600 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Exxon Mobil by 8.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 321,423 shares of the oil and gas company’s stock worth $37,677,000 after purchasing an additional 24,138 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Exxon Mobil by 3.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 30,606 shares of the oil and gas company’s stock worth $3,588,000 after purchasing an additional 1,146 shares during the last quarter. Finally, EagleClaw Capital Managment LLC grew its position in Exxon Mobil by 2.6% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 5,910 shares of the oil and gas company’s stock worth $693,000 after purchasing an additional 150 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. UBS Group reduced their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Trading Up 1.4 %

XOM opened at $120.35 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $528.95 billion, a PE ratio of 14.99, a PEG ratio of 4.97 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm has a 50-day moving average price of $118.96 and a two-hundred day moving average price of $116.47.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the company earned $2.27 EPS. Exxon Mobil’s revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal 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 issued a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

About Exxon Mobil

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.