Aigen Investment Management LP Sells 7,197 Shares of Exxon Mobil Co. (NYSE:XOM)

Aigen Investment Management LP lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 55.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,676 shares of the oil and gas company’s stock after selling 7,197 shares during the quarter. Aigen Investment Management LP’s holdings in Exxon Mobil were worth $665,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp increased its stake in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after acquiring an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Exxon Mobil during the 1st quarter valued at about $933,000. Empowered Funds LLC increased its position in shares of Exxon Mobil by 5.6% during the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after purchasing an additional 49,083 shares during the last quarter. Hudson Value Partners LLC boosted its stake in Exxon Mobil by 6.5% in the first quarter. Hudson Value Partners LLC now owns 6,595 shares of the oil and gas company’s stock worth $767,000 after buying an additional 400 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its position in Exxon Mobil by 1.9% during the first quarter. Eagle Bay Advisors LLC now owns 19,552 shares of the oil and gas company’s stock valued at $2,273,000 after acquiring an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. JPMorgan Chase & Co. upped their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Morgan Stanley decreased their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Finally, Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Up 1.0 %

Shares of Exxon Mobil stock opened at $121.50 on Thursday. The company’s fifty day simple moving average is $118.06 and its two-hundred day simple moving average is $116.34. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $534.00 billion, a P/E ratio of 15.13, a PEG ratio of 5.05 and a beta of 0.90.

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

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

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.