Outlook Wealth Advisors LLC Sells 525 Shares of Exxon Mobil Co. (NYSE:XOM)

Outlook Wealth Advisors LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,003 shares of the oil and gas company’s stock after selling 525 shares during the period. Exxon Mobil makes up approximately 0.9% of Outlook Wealth Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Outlook Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,282,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after purchasing an additional 2,676,652 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after buying an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 valued at $4,235,972,000 after buying an additional 5,330,887 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 8th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. UBS Group decreased their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Finally, BMO Capital Markets raised their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Trading Down 0.1 %

Shares of NYSE XOM opened at $119.49 on Monday. 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 twelve month low of $95.77 and a twelve month high of $126.34. The business has a fifty day simple moving average of $117.54 and a two-hundred day simple moving average of $116.43. The firm has a market cap of $471.15 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 5.00 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 earnings per share. Analysts expect that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. Exxon Mobil’s payout ratio is 45.45%.

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.