Altman Advisors Inc. Sells 8,051 Shares of Exxon Mobil Co. (NYSE:XOM)

Altman Advisors Inc. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 29.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,857 shares of the oil and gas company's stock after selling 8,051 shares during the period. Exxon Mobil accounts for 1.0% of Altman Advisors Inc.'s portfolio, making the stock its 26th biggest position. Altman Advisors Inc.'s holdings in Exxon Mobil were worth $2,210,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Fairway Wealth LLC bought a new position in Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC boosted its stake in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $39,000. POM Investment Strategies LLC lifted its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $1.72 during mid-day trading on Wednesday, reaching $120.35. 11,352,717 shares of the company's stock were exchanged, compared to its average volume of 16,282,997. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The firm has a 50-day moving average price of $118.75 and a two-hundred day moving average price of $116.44. The firm has a market capitalization of $528.95 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. 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 - Get Free Report) last issued 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 business had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business's quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $2.27 earnings per share. Analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared 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 an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Morgan Stanley decreased their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Redburn Atlantic restated a "neutral" rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. BMO Capital Markets upped their price objective on 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, Evercore ISI upgraded shares of Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. One equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.21.

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.