Exxon Mobil Co. (NYSE:XOM) Shares Sold by Vicus Capital

Vicus Capital trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 16.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,760 shares of the oil and gas company’s stock after selling 2,986 shares during the quarter. Vicus Capital’s holdings in Exxon Mobil were worth $1,730,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the 1st quarter valued at $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC grew its position in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC grew its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.5 %

Shares of NYSE XOM opened at $120.71 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The firm has a 50-day moving average price of $117.47 and a 200 day moving average price of $116.47. The stock has a market capitalization of $475.96 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating 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 business earned $1.94 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. Barclays lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. Finally, Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

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.