Aletheian Wealth Advisors LLC Sells 5,619 Shares of Exxon Mobil Co. (NYSE:XOM)

Aletheian Wealth Advisors LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 57.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,216 shares of the oil and gas company’s stock after selling 5,619 shares during the quarter. Aletheian Wealth Advisors LLC’s holdings in Exxon Mobil were worth $494,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Tyche Wealth Partners LLC grew its position in Exxon Mobil by 0.7% during the third quarter. Tyche Wealth Partners LLC now owns 141,714 shares of the oil and gas company’s stock worth $16,612,000 after buying an additional 976 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Exxon Mobil by 1.4% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 276,117 shares of the oil and gas company’s stock valued at $32,366,000 after acquiring an additional 3,691 shares during the last quarter. MONECO Advisors LLC grew its holdings in shares of Exxon Mobil by 18.9% during the third quarter. MONECO Advisors LLC now owns 37,823 shares of the oil and gas company’s stock worth $4,434,000 after purchasing an additional 6,020 shares in the last quarter. Diversify Advisory Services LLC increased its position in shares of Exxon Mobil by 1.3% in the third quarter. Diversify Advisory Services LLC now owns 41,822 shares of the oil and gas company’s stock worth $5,048,000 after purchasing an additional 518 shares during the last quarter. Finally, MBA Advisors LLC lifted its position in Exxon Mobil by 2.6% during the third quarter. MBA Advisors LLC now owns 15,634 shares of the oil and gas company’s stock valued at $1,833,000 after purchasing an additional 400 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 analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. UBS Group reduced their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Bank of America initiated coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $116.80 on Thursday. The company’s fifty day simple moving average is $117.66 and its two-hundred day simple moving average is $116.39. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a market cap of $460.52 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 5.00 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.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping 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 company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the firm earned $1.94 earnings per share. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.