Exxon Mobil Co. (NYSE:XOM) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 74.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,564 shares of the oil and gas company's stock after selling 10,432 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Exxon Mobil were worth $418,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in shares of Exxon Mobil by 12.8% in the 3rd quarter. Janus Henderson Group PLC now owns 577,032 shares of the oil and gas company's stock worth $67,631,000 after buying an additional 65,311 shares during the last quarter. Harbor Advisors LLC purchased a new position in shares of Exxon Mobil in the third quarter worth $944,000. Hilltop Holdings Inc. lifted its holdings in shares of Exxon Mobil by 41.3% during the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company's stock valued at $8,942,000 after purchasing an additional 22,296 shares in the last quarter. Hollow Brook Wealth Management LLC boosted its position in shares of Exxon Mobil by 5.1% during the third quarter. Hollow Brook Wealth Management LLC now owns 51,771 shares of the oil and gas company's stock valued at $6,069,000 after buying an additional 2,532 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC increased its holdings in Exxon Mobil by 37.2% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 12,427 shares of the oil and gas company's stock worth $1,458,000 after buying an additional 3,369 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.6 %

XOM traded up $0.64 during trading on Tuesday, hitting $113.54. 11,361,390 shares of the stock were exchanged, compared to its average volume of 16,208,756. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a market cap of $499.02 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 4.77 and a beta of 0.89. The firm has a 50 day simple moving average of $119.68 and a 200 day simple moving average of $116.47. 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 (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 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 business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The company's revenue for the quarter was down .8% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.49%. 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%.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Royal Bank of Canada lowered their price objective on shares of Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Tuesday, November 26th. UBS Group cut their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Finally, BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.