Fulton Breakefield Broenniman LLC Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Fulton Breakefield Broenniman LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the third quarter, HoldingsChannel.com reports. The firm owned 19,651 shares of the oil and gas company’s stock after selling 331 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Exxon Mobil were worth $2,303,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Patron Partners LLC lifted its position in shares of Exxon Mobil by 7.4% during the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after buying an additional 2,564 shares in the last quarter. YHB Investment Advisors Inc. lifted its holdings in Exxon Mobil by 5.9% during the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after purchasing an additional 1,836 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Exxon Mobil by 79.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after purchasing an additional 380,399 shares during the period. Blair William & Co. IL increased its stake in shares of Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after purchasing an additional 379,747 shares in the last quarter. Finally, Lloyd Advisory Services LLC. increased its stake in shares of Exxon Mobil by 407.5% during the first quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company’s stock worth $2,804,000 after purchasing an additional 19,363 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on XOM shares. Wolfe Research assumed coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Mizuho lifted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $131.88.

Exxon Mobil Price Performance

XOM stock opened at $120.67 on Thursday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The business has a fifty day moving average of $117.32 and a two-hundred day moving average of $116.46. The stock has a market cap of $475.80 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 dividend on an annualized basis and a dividend yield of 3.15%. 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.