Northcape Wealth Management LLC Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Northcape Wealth Management LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,381 shares of the oil and gas company’s stock after selling 267 shares during the quarter. Exxon Mobil accounts for approximately 1.2% of Northcape Wealth Management LLC’s holdings, making the stock its 25th biggest position. Northcape Wealth Management LLC’s holdings in Exxon Mobil were worth $3,796,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC boosted its holdings 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 buying an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the second quarter valued at approximately $39,000. POM Investment Strategies LLC increased its holdings in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the second quarter worth approximately $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on XOM shares. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. UBS Group cut their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $119.35 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The stock has a 50 day moving average of $118.49 and a 200 day moving average of $116.40. The firm has a market cap of $524.56 billion, a PE ratio of 14.86, a PEG ratio of 5.09 and a beta of 0.90.

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

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.32%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 47.32%.

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.