Exxon Mobil Co. (NYSE:XOM) Holdings Lowered by Cheviot Value Management LLC

Cheviot Value Management LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,678 shares of the oil and gas company's stock after selling 5,511 shares during the quarter. Exxon Mobil makes up 2.6% of Cheviot Value Management LLC's investment portfolio, making the stock its 12th largest position. Cheviot Value Management LLC's holdings in Exxon Mobil were worth $13,911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the 2nd quarter valued at approximately $39,000. POM Investment Strategies LLC raised its holdings in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at $46,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on XOM. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Wells Fargo & Company boosted their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Redburn Atlantic reaffirmed a "neutral" rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their price objective on shares of Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating for the company in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.11 during mid-day trading on Monday, hitting $117.85. The stock had a trading volume of 12,684,541 shares, compared to its average volume of 16,233,965. The company's fifty day simple moving average is $119.76 and its two-hundred day simple moving average is $116.55. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a market cap of $517.96 billion, a PE ratio of 14.68, a PEG ratio of 4.95 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company 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 firm posted $2.27 EPS. The company's revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 represents a $3.96 annualized dividend 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 is currently 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.