West Family Investments Inc. Sells 45,931 Shares of Exxon Mobil Co. (NYSE:XOM)

West Family Investments Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 78.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 12,895 shares of the oil and gas company's stock after selling 45,931 shares during the period. West Family Investments Inc.'s holdings in Exxon Mobil were worth $1,512,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vertex Planning Partners LLC increased its position in shares of Exxon Mobil by 3.1% during the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock valued at $326,000 after acquiring an additional 83 shares during the last quarter. Etfidea LLC grew its holdings in shares of Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock worth $307,000 after acquiring an additional 85 shares during the period. Bigelow Investment Advisors LLC boosted its holdings in Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock worth $1,559,000 after acquiring an additional 86 shares in the last quarter. Integral Investment Advisors Inc. boosted its holdings in shares of Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock valued at $483,000 after acquiring an additional 87 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its holdings in Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock valued at $76,000 after buying an additional 87 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Morgan Stanley reduced their price target on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Redburn Atlantic reiterated a "neutral" rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, TD Cowen boosted their target price on Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a report on Tuesday. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $130.21.

Exxon Mobil Stock Performance

Shares of XOM traded down $1.71 during trading hours on Tuesday, hitting $118.60. The company had a trading volume of 11,579,403 shares, compared to its average volume of 16,304,970. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a market cap of $521.26 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 5.00 and a beta of 0.90. The business has a fifty day moving average of $118.59 and a 200-day moving average of $116.42. 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 announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 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 company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 EPS. The firm's revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced 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 is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.34%. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.

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.