Exxon Mobil Co. (NYSE:XOM) Stake Lessened by Pitcairn Co.

Pitcairn Co. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 6.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,781 shares of the oil and gas company’s stock after selling 3,186 shares during the period. Pitcairn Co.’s holdings in Exxon Mobil were worth $5,835,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. WFA Asset Management Corp raised its holdings in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil during the first quarter worth $933,000. Keeley Teton Advisors LLC raised its holdings in shares of Exxon Mobil by 4.8% during the first quarter. Keeley Teton Advisors LLC now owns 2,202 shares of the oil and gas company’s stock worth $256,000 after acquiring an additional 100 shares in the last quarter. Ceeto Capital Group LLC raised its holdings in shares of Exxon Mobil by 5.7% during the first quarter. Ceeto Capital Group LLC now owns 18,602 shares of the oil and gas company’s stock worth $2,162,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Energy Income Partners LLC raised its holdings in shares of Exxon Mobil by 50.8% during the first quarter. Energy Income Partners LLC now owns 422,850 shares of the oil and gas company’s stock worth $49,152,000 after acquiring an additional 142,521 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XOM. JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, November 4th. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Truist Financial lowered their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Trading Down 0.1 %

Shares of NYSE:XOM opened at $121.79 on Friday. The company has a market cap of $535.26 billion, a P/E ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. The stock’s 50-day moving average is $119.39 and its 200-day moving average is $116.54. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-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 1.35.

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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the business earned $2.27 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 7.96 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.