Coerente Capital Management Sells 315 Shares of Exxon Mobil Co. (NYSE:XOM)

Coerente Capital Management reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 10,298 shares of the oil and gas company’s stock after selling 315 shares during the period. Exxon Mobil comprises 0.2% of Coerente Capital Management’s portfolio, making the stock its 26th biggest position. Coerente Capital Management’s holdings in Exxon Mobil were worth $1,207,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil during the 1st quarter worth $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC raised its stake in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on XOM. Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. 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 research note on Monday, September 30th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $119.49 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $471.15 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89. The company’s 50 day moving average is $117.54 and its 200 day moving average is $116.47.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter last year, the company posted $1.94 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. Exxon Mobil’s payout ratio is 45.45%.

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.