Moss Adams Wealth Advisors LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Moss Adams Wealth Advisors LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,799 shares of the oil and gas company’s stock after selling 129 shares during the period. Exxon Mobil comprises about 0.4% of Moss Adams Wealth Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Moss Adams Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,610,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC grew its stake in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the second quarter valued at $39,000. Finally, POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.3 %

Shares of Exxon Mobil stock opened at $120.01 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $473.20 billion, a PE ratio of 14.71, a P/E/G ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company’s fifty day simple moving average is $117.39 and its 200-day simple moving average is $116.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. Morgan Stanley reduced their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday. They issued a “neutral” rating and a $124.00 price objective on the stock. UBS Group reduced their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.44.

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.