Exxon Mobil Co. (NYSE:XOM) Shares Sold by Hixon Zuercher LLC

Hixon Zuercher LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,139 shares of the oil and gas company’s stock after selling 355 shares during the period. Exxon Mobil accounts for 2.4% of Hixon Zuercher LLC’s investment portfolio, making the stock its 15th largest position. Hixon Zuercher LLC’s holdings in Exxon Mobil were worth $6,229,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. WFA Asset Management Corp raised its position in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in Exxon Mobil in the 1st quarter valued at about $933,000. Financial Counselors Inc. lifted its position in Exxon Mobil by 19.1% in the first quarter. Financial Counselors Inc. now owns 483,955 shares of the oil and gas company’s stock valued at $56,255,000 after buying an additional 77,750 shares during the last quarter. Pegasus Asset Management Inc. boosted its stake in Exxon Mobil by 6.3% during the first quarter. Pegasus Asset Management Inc. now owns 8,008 shares of the oil and gas company’s stock worth $931,000 after buying an additional 473 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Exxon Mobil by 6.1% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,831 shares of the oil and gas company’s stock valued at $2,654,000 after acquiring an additional 1,303 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Wells Fargo & Company increased their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. TD Cowen dropped their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday. Finally, Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. One research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Up 1.7 %

Exxon Mobil stock opened at $120.95 on Thursday. The stock’s fifty day moving average is $117.78 and its two-hundred day moving average is $116.36. The stock has a market cap of $476.91 billion, a PE ratio of 15.06, a P/E/G ratio of 4.96 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The business 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 14.73% and a net margin of 9.61%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.97 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business 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 is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is presently 47.32%.

About Exxon Mobil

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.