James Investment Research Inc. Sells 750 Shares of Exxon Mobil Co. (NYSE:XOM)

James Investment Research Inc. trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,594 shares of the oil and gas company’s stock after selling 750 shares during the period. James Investment Research Inc.’s holdings in Exxon Mobil were worth $3,469,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Patron Partners LLC boosted its stake in shares of Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after acquiring an additional 2,564 shares during the period. YHB Investment Advisors Inc. boosted its stake in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after purchasing an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after buying an additional 380,399 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Exxon Mobil by 64.6% in the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after buying an additional 379,747 shares in the last quarter. Finally, Haverford Trust Co boosted its position in shares of Exxon Mobil by 2.8% during the first quarter. Haverford Trust Co now owns 135,391 shares of the oil and gas company’s stock worth $15,738,000 after acquiring an additional 3,680 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.6 %

Shares of NYSE XOM opened at $114.95 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week 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. The company has a market cap of $453.25 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 4.86 and a beta of 0.90. The business’s 50 day moving average price is $117.67 and its 200-day moving average price is $116.35.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.01 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.44%. This is a boost 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 45.45%.

Analyst Upgrades and Downgrades

Several analysts have commented on XOM shares. Wolfe Research boosted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday. Truist Financial dropped their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. UBS Group lowered their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $130.37.

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.