Armor Investment Advisors LLC Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Armor Investment Advisors LLC cut its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 47.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,803 shares of the oil and gas company's stock after selling 7,945 shares during the period. Armor Investment Advisors LLC's holdings in Exxon Mobil were worth $1,032,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in XOM. Price T Rowe Associates Inc. MD lifted its stake in Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock valued at $5,249,607,000 after buying an additional 2,676,652 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Exxon Mobil by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Legal & General Group Plc increased its stake in Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Finally, Capital International Investors lifted its stake in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock valued at $3,197,989,000 after buying an additional 5,523,429 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XOM shares. Truist Financial lowered their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday. TD Cowen cut their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set a "buy" rating on the stock in a research report on Monday. Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, BNP Paribas cut shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Trading Up 0.1 %

NYSE:XOM traded up $0.07 on Thursday, reaching $121.07. 6,466,266 shares of the stock traded hands, compared to its average volume of 16,373,967. 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 1-year low of $95.77 and a 1-year high of $126.34. The company's 50 day moving average is $117.78 and its 200-day moving average is $116.36. The firm has a market capitalization of $477.38 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 4.96 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 14.73% and a net margin of 9.61%. The firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.27 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.97 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business 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. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is 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.