Exxon Mobil Co. (NYSE:XOM) Holdings Lowered by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. cut its stake in Exxon Mobil Co. (NYSE:XOM) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,975 shares of the oil and gas company’s stock after selling 1,369 shares during the period. Cahaba Wealth Management Inc.’s holdings in Exxon Mobil were worth $935,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in XOM. LexAurum Advisors LLC raised its stake in shares of Exxon Mobil by 3.3% in the 1st quarter. LexAurum Advisors LLC now owns 7,502 shares of the oil and gas company’s stock worth $872,000 after buying an additional 238 shares in the last quarter. Buckingham Capital Management Inc. grew its holdings in Exxon Mobil by 59.2% during the first quarter. Buckingham Capital Management Inc. now owns 16,548 shares of the oil and gas company’s stock worth $1,924,000 after acquiring an additional 6,153 shares during the period. Red Spruce Capital LLC raised its position in Exxon Mobil by 4.8% in the first quarter. Red Spruce Capital LLC now owns 11,850 shares of the oil and gas company’s stock worth $1,377,000 after acquiring an additional 546 shares in the last quarter. Triangle Securities Wealth Management lifted its holdings in Exxon Mobil by 3.1% in the 1st quarter. Triangle Securities Wealth Management now owns 50,584 shares of the oil and gas company’s stock valued at $5,880,000 after acquiring an additional 1,508 shares during the last quarter. Finally, CVA Family Office LLC boosted its position in shares of Exxon Mobil by 2.8% during the 1st quarter. CVA Family Office LLC now owns 13,934 shares of the oil and gas company’s stock valued at $1,620,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. Sanford C. Bernstein dropped their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. BMO Capital Markets lifted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Morgan Stanley decreased their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. One 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’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Stock Down 0.3 %

Exxon Mobil stock opened at $120.01 on Friday. The firm’s 50 day moving average price is $117.39 and its two-hundred day moving average price is $116.49. The firm has a market cap of $473.20 billion, a PE ratio of 14.71, a P/E/G ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

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 for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio is 46.57%.

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.