Kanawha Capital Management LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Kanawha Capital Management LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 4.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,842 shares of the oil and gas company’s stock after selling 6,722 shares during the period. Exxon Mobil makes up about 1.2% of Kanawha Capital Management LLC’s holdings, making the stock its 27th largest holding. Kanawha Capital Management LLC’s holdings in Exxon Mobil were worth $16,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP boosted its holdings in Exxon Mobil by 2.0% in the 3rd quarter. Forum Financial Management LP now owns 78,405 shares of the oil and gas company’s stock valued at $9,191,000 after purchasing an additional 1,504 shares during the last quarter. BSW Wealth Partners raised its position in shares of Exxon Mobil by 20.0% during the 3rd quarter. BSW Wealth Partners now owns 12,917 shares of the oil and gas company’s stock valued at $1,514,000 after buying an additional 2,150 shares during the period. Angeles Wealth Management LLC lifted its stake in shares of Exxon Mobil by 3.8% in the 3rd quarter. Angeles Wealth Management LLC now owns 23,478 shares of the oil and gas company’s stock valued at $2,752,000 after purchasing an additional 859 shares during the last quarter. Whitener Capital Management Inc. increased its position in shares of Exxon Mobil by 4.7% during the 3rd quarter. Whitener Capital Management Inc. now owns 39,172 shares of the oil and gas company’s stock worth $4,592,000 after purchasing an additional 1,760 shares during the last quarter. Finally, GFS Advisors LLC raised its holdings in Exxon Mobil by 3,987.5% in the 3rd quarter. GFS Advisors LLC now owns 50,685 shares of the oil and gas company’s stock valued at $5,941,000 after buying an additional 49,445 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 3.2 %

Shares of Exxon Mobil stock opened at $118.61 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $117.67 and a 200-day simple moving average of $116.33. The stock has a market cap of $467.68 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $2.27 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 8.01 EPS for the current fiscal 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 $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 45.45%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. Morgan Stanley lowered their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. UBS Group lowered their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average 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.