Vestor Capital LLC Sells 1,951 Shares of Exxon Mobil Corporation $XOM

Vestor Capital LLC lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 33.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,887 shares of the oil and gas company’s stock after selling 1,951 shares during the period. Vestor Capital LLC’s holdings in Exxon Mobil were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Elequin Capital LP purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC boosted its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil in the 2nd quarter worth approximately $38,000. Finally, 1248 Management LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at $40,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.1%

Shares of XOM stock opened at $117.08 on Monday. The company has a market capitalization of $493.75 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.06 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company’s fifty day moving average price is $114.69 and its 200-day moving average price is $111.13. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is 59.88%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. UBS Group lifted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Barclays dropped their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Wells Fargo & Company began coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price objective on the stock. Finally, Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $128.67.

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.