Exxon Mobil Co. (NYSE:XOM) Shares Sold by Atom Investors LP

Atom Investors LP lowered its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 58.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,117 shares of the oil and gas company's stock after selling 28,060 shares during the period. Atom Investors LP's holdings in Exxon Mobil were worth $2,358,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. FMR LLC grew its stake in shares of Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock worth $17,801,457,000 after purchasing an additional 395,218 shares during the period. Bank of New York Mellon Corp grew its position in Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock worth $4,640,756,000 after buying an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP grew its position in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the period. Legal & General Group Plc lifted its position in shares of 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 valued at $3,719,296,000 after acquiring an additional 5,235,607 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Exxon Mobil by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company's stock worth $3,652,589,000 after acquiring an additional 146,374 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $0.12 during trading on Tuesday, hitting $117.73. 3,550,869 shares of the company traded hands, compared to its average volume of 16,178,501. The stock has a market capitalization of $517.44 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 4.95 and a beta of 0.89. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business's fifty day moving average is $119.76 and its 200-day moving average is $116.55.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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 return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same period last year, the business posted $2.27 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Mizuho lifted their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a report on Friday, October 4th. Finally, TD Cowen raised their price target on Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. One research 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 data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Company 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.