Harvest Fund Management Co. Ltd Sells 653 Shares of Exxon Mobil Co. (NYSE:XOM)

Harvest Fund Management Co. Ltd lowered its position in Exxon Mobil Co. (NYSE:XOM) by 44.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 824 shares of the oil and gas company’s stock after selling 653 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Exxon Mobil were worth $97,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Davis R M Inc. increased its stake in Exxon Mobil by 0.9% in the 3rd quarter. Davis R M Inc. now owns 402,115 shares of the oil and gas company’s stock valued at $47,136,000 after buying an additional 3,535 shares during the last quarter. Douglass Winthrop Advisors LLC increased its position in shares of Exxon Mobil by 2.1% during the third quarter. Douglass Winthrop Advisors LLC now owns 86,921 shares of the oil and gas company’s stock valued at $10,189,000 after acquiring an additional 1,802 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Exxon Mobil by 3.4% during the third quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock worth $3,422,538,000 after acquiring an additional 949,875 shares during the period. Daiwa Securities Group Inc. boosted its position in Exxon Mobil by 17.1% in the third quarter. Daiwa Securities Group Inc. now owns 586,550 shares of the oil and gas company’s stock worth $68,755,000 after purchasing an additional 85,688 shares during the last quarter. Finally, Marco Investment Management LLC grew its stake in Exxon Mobil by 1.0% in the 3rd quarter. Marco Investment Management LLC now owns 75,874 shares of the oil and gas company’s stock valued at $8,894,000 after purchasing an additional 752 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Royal Bank of Canada decreased their price target on shares of Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Tuesday. TD Cowen upped their price objective on Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Mizuho raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Down 0.3 %

Shares of NYSE:XOM opened at $117.66 on Thursday. The firm has a fifty day moving average price of $119.67 and a two-hundred day moving average price of $116.57. The company has a market cap of $517.13 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 5.04 and a beta of 0.90. 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 one year low of $95.77 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its 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. The business 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%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.37%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Exxon Mobil Company 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.