Exxon Mobil Co. (NYSE:XOM) Stake Lowered by Naviter Wealth LLC

Naviter Wealth LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 150,065 shares of the oil and gas company’s stock after selling 1,043 shares during the period. Exxon Mobil makes up approximately 2.4% of Naviter Wealth LLC’s portfolio, making the stock its 6th largest position. Naviter Wealth LLC’s holdings in Exxon Mobil were worth $17,591,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Mezzasalma Advisors LLC boosted its position in shares of Exxon Mobil by 8.9% during the 3rd quarter. Mezzasalma Advisors LLC now owns 27,095 shares of the oil and gas company’s stock worth $3,176,000 after purchasing an additional 2,222 shares in the last quarter. Hengehold Capital Management LLC boosted its position in shares of Exxon Mobil by 6.3% during the 3rd quarter. Hengehold Capital Management LLC now owns 36,541 shares of the oil and gas company’s stock worth $4,283,000 after purchasing an additional 2,161 shares in the last quarter. Probity Advisors Inc. boosted its position in shares of Exxon Mobil by 1.6% during the 3rd quarter. Probity Advisors Inc. now owns 8,867 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 143 shares in the last quarter. Community Bank of Raymore boosted its position in shares of Exxon Mobil by 0.9% during the 3rd quarter. Community Bank of Raymore now owns 21,684 shares of the oil and gas company’s stock worth $2,542,000 after purchasing an additional 200 shares in the last quarter. Finally, Tamar Securities LLC raised its stake in shares of Exxon Mobil by 17.8% during the 3rd quarter. Tamar Securities LLC now owns 152,556 shares of the oil and gas company’s stock worth $17,883,000 after buying an additional 23,010 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.3 %

NYSE XOM opened at $120.35 on Friday. The stock has a market cap of $474.54 billion, a PE ratio of 14.75, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $117.37 and a two-hundred day moving average price of $116.49. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the company posted $1.94 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.11 EPS 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 $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 payout ratio is 46.57%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XOM. Mizuho lifted their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Wolfe Research began coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target for the company. Bank of America began coverage on Exxon Mobil in a research note on Thursday. They set a “neutral” rating and a $124.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 8th. Finally, Morgan Stanley cut their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.