Tower Bridge Advisors Sells 775 Shares of Exxon Mobil Co. (NYSE:XOM)

Tower Bridge Advisors decreased its position in Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,441 shares of the oil and gas company’s stock after selling 775 shares during the quarter. Exxon Mobil comprises approximately 1.2% of Tower Bridge Advisors’ investment portfolio, making the stock its 24th biggest position. Tower Bridge Advisors’ holdings in Exxon Mobil were worth $11,891,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Etfidea LLC lifted its holdings in shares of Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC increased its holdings in Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after acquiring an additional 86 shares during the period. Integral Investment Advisors Inc. lifted its stake in Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after purchasing an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 87 shares during the period. Finally, First Heartland Consultants Inc. grew its position in shares of Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XOM shares. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. UBS Group lowered their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. TD Cowen dropped their price target on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday, November 4th. BMO Capital Markets upped 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 report on Friday, October 4th. Finally, Barclays dropped their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Down 1.0 %

XOM opened at $119.31 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $118.49 and its 200-day moving average price is $116.39. The company has a market cap of $524.38 billion, a P/E ratio of 14.86, a P/E/G ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.32%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

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.