Exxon Mobil Co. (NYSE:XOM) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,701 shares of the oil and gas company’s stock after selling 252 shares during the quarter. American Financial Advisors LLC’s holdings in Exxon Mobil were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tyche Wealth Partners LLC increased its stake in Exxon Mobil by 0.7% in the third quarter. Tyche Wealth Partners LLC now owns 141,714 shares of the oil and gas company’s stock valued at $16,612,000 after purchasing an additional 976 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Exxon Mobil by 1.4% in 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 buying an additional 3,691 shares during the last quarter. MONECO Advisors LLC raised its stake in Exxon Mobil by 18.9% during the 3rd quarter. MONECO Advisors LLC now owns 37,823 shares of the oil and gas company’s stock worth $4,434,000 after acquiring an additional 6,020 shares in the last quarter. Diversify Advisory Services LLC lifted its position in 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 valued at $5,048,000 after acquiring an additional 518 shares during the last quarter. Finally, MBA Advisors LLC boosted its stake in Exxon Mobil by 2.6% in 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 acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several research reports. Mizuho boosted their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. BMO Capital Markets lifted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Down 0.4 %

XOM opened at $116.80 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The stock has a market capitalization of $460.52 billion, a P/E ratio of 14.31, a P/E/G ratio of 5.00 and a beta of 0.89. The business has a 50 day simple moving average of $117.66 and a 200-day simple moving average of $116.39.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

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.