Exxon Mobil Co. (NYSE:XOM) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,516,914 shares of the oil and gas company's stock after selling 48,856 shares during the period. Exxon Mobil makes up about 0.9% of Chevy Chase Trust Holdings LLC's investment portfolio, making the stock its 16th biggest holding. Chevy Chase Trust Holdings LLC owned about 0.06% of Exxon Mobil worth $295,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Patron Partners LLC boosted its position in Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock valued at $4,294,000 after purchasing an additional 2,564 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company's stock worth $5,532,000 after acquiring an additional 4,578 shares during the last quarter. YHB Investment Advisors Inc. grew its holdings in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock worth $3,770,000 after acquiring an additional 1,836 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Exxon Mobil by 79.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock worth $98,914,000 after acquiring an additional 380,399 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock valued at $111,392,000 after purchasing an additional 379,747 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM stock traded down $0.11 during mid-day trading on Monday, reaching $117.85. 12,684,541 shares of the company's stock were exchanged, compared to its average volume of 16,233,965. The stock's 50 day moving average is $119.76 and its 200 day moving average is $116.55. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a market cap of $517.96 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Exxon Mobil's quarterly revenue was down .8% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current 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 issued a $0.99 dividend. 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. The ex-dividend date is Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Redburn Atlantic reiterated a "neutral" rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. Royal Bank of Canada dropped their price objective on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a report on Tuesday, November 26th. Finally, UBS Group lowered their price target on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.