Coastline Trust Co Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Coastline Trust Co trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 25.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,046 shares of the oil and gas company’s stock after selling 5,530 shares during the quarter. Coastline Trust Co’s holdings in Exxon Mobil were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Altrius Capital Management Inc increased its position in shares of Exxon Mobil by 1.1% during the 3rd quarter. Altrius Capital Management Inc now owns 39,251 shares of the oil and gas company’s stock valued at $4,601,000 after purchasing an additional 408 shares during the last quarter. KCM Investment Advisors LLC grew its position in Exxon Mobil by 0.5% during the third quarter. KCM Investment Advisors LLC now owns 33,109 shares of the oil and gas company’s stock valued at $3,881,000 after buying an additional 173 shares during the period. Archer Investment Corp grew its position in Exxon Mobil by 4.7% during the third quarter. Archer Investment Corp now owns 22,932 shares of the oil and gas company’s stock valued at $2,688,000 after buying an additional 1,023 shares during the period. Empirical Finance LLC increased its holdings in Exxon Mobil by 1.9% during the third quarter. Empirical Finance LLC now owns 160,836 shares of the oil and gas company’s stock valued at $18,853,000 after buying an additional 3,036 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its position in Exxon Mobil by 1.4% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 71,573 shares of the oil and gas company’s stock worth $8,390,000 after acquiring an additional 962 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 1.0 %

NYSE XOM opened at $119.35 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a market capitalization of $524.56 billion, a PE ratio of 14.86, a P/E/G ratio of 5.09 and a beta of 0.90. The company has a fifty day moving average of $118.49 and a 200 day moving average of $116.40.

Exxon Mobil (NYSE:XOM) last posted its 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. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.27 EPS. Research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. Exxon Mobil’s dividend payout ratio is presently 47.32%.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. UBS Group cut their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Morgan Stanley decreased their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

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.