Exxon Mobil Co. (NYSE:XOM) Shares Sold by Forbes J M & Co. LLP

Forbes J M & Co. LLP trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,222 shares of the oil and gas company’s stock after selling 95 shares during the period. Forbes J M & Co. LLP’s holdings in Exxon Mobil were worth $5,184,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Red Door Wealth Management LLC lifted its position in Exxon Mobil by 9.7% during the first quarter. Red Door Wealth Management LLC now owns 22,285 shares of the oil and gas company’s stock valued at $2,590,000 after buying an additional 1,966 shares in the last quarter. Trilogy Capital Inc. lifted its position in shares of Exxon Mobil by 14.8% during the first quarter. Trilogy Capital Inc. now owns 28,926 shares of the oil and gas company’s stock worth $3,362,000 after purchasing an additional 3,727 shares in the last quarter. D.B. Root & Company LLC lifted its position in shares of Exxon Mobil by 5.9% during the first quarter. D.B. Root & Company LLC now owns 22,772 shares of the oil and gas company’s stock worth $2,647,000 after purchasing an additional 1,276 shares in the last quarter. Sandy Cove Advisors LLC lifted its position in shares of Exxon Mobil by 39.7% during the first quarter. Sandy Cove Advisors LLC now owns 6,472 shares of the oil and gas company’s stock worth $752,000 after purchasing an additional 1,839 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its position in shares of Exxon Mobil by 0.9% during the first quarter. Fiduciary Alliance LLC now owns 14,763 shares of the oil and gas company’s stock worth $1,727,000 after purchasing an additional 134 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. BMO Capital Markets lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, Mizuho lifted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Price Performance

Shares of 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’s 50 day moving average is $117.60 and its two-hundred day moving average is $116.39. The firm has a market capitalization of $462.63 billion, a P/E ratio of 14.38, a PEG ratio of 5.00 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (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 analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 EPS. Analysts anticipate that Exxon Mobil Co. will post 8.05 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

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.