Proficio Capital Partners LLC Has $1.58 Million Position in Exxon Mobil Co. (NYSE:XOM)

Proficio Capital Partners LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 22.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,492 shares of the oil and gas company’s stock after selling 3,865 shares during the quarter. Proficio Capital Partners LLC’s holdings in Exxon Mobil were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Personal Financial Services increased its stake in shares of Exxon Mobil by 1.8% in the third quarter. First Personal Financial Services now owns 43,280 shares of the oil and gas company’s stock valued at $5,073,000 after buying an additional 746 shares during the period. Kerusso Capital Management LLC increased its position in Exxon Mobil by 6.4% during the 3rd quarter. Kerusso Capital Management LLC now owns 27,061 shares of the oil and gas company’s stock valued at $3,172,000 after purchasing an additional 1,628 shares during the period. Oxbow Advisors LLC increased its position in Exxon Mobil by 5.3% during the 3rd quarter. Oxbow Advisors LLC now owns 90,517 shares of the oil and gas company’s stock valued at $10,610,000 after purchasing an additional 4,555 shares during the period. Objective Capital Management LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $606,000. Finally, Primoris Wealth Advisors LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $292,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $121.11 on Monday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The business’s fifty day moving average is $117.91 and its 200 day moving average is $116.36. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $532.29 billion, a P/E ratio of 15.08, a P/E/G ratio of 5.08 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the business earned $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s payout ratio is currently 47.32%.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. The Goldman Sachs Group increased their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, Redburn Atlantic restated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil 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.