Braun Stacey Associates Inc. Sells 17,436 Shares of Exxon Mobil Co. (NYSE:XOM)

Braun Stacey Associates Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 412,375 shares of the oil and gas company's stock after selling 17,436 shares during the quarter. Exxon Mobil makes up 1.8% of Braun Stacey Associates Inc.'s portfolio, making the stock its 8th biggest position. Braun Stacey Associates Inc.'s holdings in Exxon Mobil were worth $48,339,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XOM. WFA Asset Management Corp grew its holdings in shares of Exxon Mobil by 18.2% during 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 last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Exxon Mobil during the first quarter valued at approximately $933,000. Empowered Funds LLC grew its holdings in shares of Exxon Mobil by 5.6% during the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company's stock valued at $107,591,000 after purchasing an additional 49,083 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Exxon Mobil by 17.0% during the first quarter. Ontario Teachers Pension Plan Board now owns 14,880 shares of the oil and gas company's stock valued at $1,730,000 after purchasing an additional 2,167 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Exxon Mobil by 28.9% during the first quarter. Hillsdale Investment Management Inc. now owns 3,252 shares of the oil and gas company's stock valued at $378,000 after purchasing an additional 730 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM stock traded up $1.05 during trading on Monday, reaching $120.36. 4,990,827 shares of the stock were exchanged, compared to its average volume of 16,284,688. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a market capitalization of $528.99 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. The stock has a 50 day simple moving average of $118.49 and a 200-day simple moving average of $116.39. 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 (NYSE:XOM - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping 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 business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the business earned $2.27 earnings per share. The firm's revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. 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 yield of 3.29%. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

Analyst Ratings Changes

Several equities analysts have recently commented on XOM shares. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, September 16th. JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price objective for the company. Redburn Atlantic reissued a "neutral" rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Morgan Stanley cut their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $129.95.

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.