Exxon Mobil Co. (NYSE:XOM) Stock Position Lowered by Investment Partners Asset Management Inc.

Investment Partners Asset Management Inc. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,885 shares of the oil and gas company’s stock after selling 300 shares during the period. Investment Partners Asset Management Inc.’s holdings in Exxon Mobil were worth $690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil in the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC raised its holdings in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter valued at $39,000. Finally, POM Investment Strategies LLC grew its stake in 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 valued at $43,000 after purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several research reports. Wolfe Research began coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Truist Financial reduced their target price 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. Morgan Stanley cut their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Tuesday, October 8th. Finally, Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

NYSE:XOM opened at $117.33 on Wednesday. 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 firm has a market capitalization of $462.63 billion, a PE ratio of 14.38, a PEG ratio of 5.00 and a beta of 0.89. The firm’s fifty day simple moving average is $117.60 and its 200 day simple moving average is $116.39. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.24%. Exxon Mobil’s payout ratio is 46.57%.

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.