Exxon Mobil Co. (NYSE:XOM) Position Lessened by Narwhal Capital Management

Narwhal Capital Management lowered its position in Exxon Mobil Co. (NYSE:XOM) by 6.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,802 shares of the oil and gas company’s stock after selling 6,775 shares during the quarter. Exxon Mobil makes up approximately 1.0% of Narwhal Capital Management’s holdings, making the stock its 26th biggest position. Narwhal Capital Management’s holdings in Exxon Mobil were worth $11,347,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Exxon Mobil during the 2nd quarter valued at $980,210,000. Capital International Investors lifted its stake in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.4 %

Shares of XOM stock opened at $120.27 on Thursday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a fifty day moving average price of $117.49 and a 200 day moving average price of $116.49. The stock has a market cap of $474.23 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. 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 firm earned $1.94 EPS. Analysts predict that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analysts Set New Price Targets

Several analysts have recently issued reports on XOM shares. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Wolfe Research initiated coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Finally, BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.44.

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.