Exxon Mobil Co. (NYSE:XOM) Shares Sold by Audent Global Asset Management LLC

Audent Global Asset Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 63.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,431 shares of the oil and gas company's stock after selling 4,266 shares during the quarter. Audent Global Asset Management LLC's holdings in Exxon Mobil were worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of XOM. Massachusetts Financial Services Co. MA lifted its position in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company's stock worth $1,935,779,000 after buying an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $980,210,000. International Assets Investment Management LLC raised its position in Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company's stock valued at $808,077,000 after purchasing an additional 6,805,982 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Exxon Mobil by 16.9% in 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 acquiring an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Exxon Mobil by 19.3% during the second 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 purchasing an additional 5,235,607 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XOM shares. Royal Bank of Canada reduced their price target on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Tuesday, November 26th. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price target on the stock. Wells Fargo & Company lifted their target price 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. JPMorgan Chase & Co. increased their price target on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Finally, BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Stock Performance

NYSE:XOM traded down $0.13 during mid-day trading on Monday, reaching $117.83. The stock had a trading volume of 12,631,514 shares, compared to its average volume of 16,212,357. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The business has a 50 day simple moving average of $119.76 and a 200 day simple moving average of $116.55. The firm has a market capitalization of $517.87 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 4.95 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the business earned $2.27 earnings per share. The business's revenue was down .8% on a year-over-year basis. On average, analysts expect that Exxon Mobil Co. will post 7.94 earnings per share 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 paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.36%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

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.