Foster & Motley Inc. Sells 4,473 Shares of Exxon Mobil Co. (NYSE:XOM)

Foster & Motley Inc. lessened its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,584 shares of the oil and gas company's stock after selling 4,473 shares during the quarter. Foster & Motley Inc.'s holdings in Exxon Mobil were worth $6,633,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. WFA Asset Management Corp lifted its position 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 worth $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $933,000. Financial Counselors Inc. increased its stake in shares of Exxon Mobil by 19.1% during the first quarter. Financial Counselors Inc. now owns 483,955 shares of the oil and gas company's stock worth $56,255,000 after buying an additional 77,750 shares during the period. Pegasus Asset Management Inc. increased its stake in shares of Exxon Mobil by 6.3% during the first quarter. Pegasus Asset Management Inc. now owns 8,008 shares of the oil and gas company's stock worth $931,000 after buying an additional 473 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 6.1% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,831 shares of the oil and gas company's stock worth $2,654,000 after buying an additional 1,303 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XOM shares. Redburn Atlantic reiterated a "neutral" rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. TD Cowen dropped their price target on Exxon Mobil from $130.00 to $127.00 and set a "buy" rating for the company in a research report on Monday. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $0.06 on Thursday, reaching $121.06. 5,642,583 shares of the stock were exchanged, compared to its average volume of 16,368,662. The firm's 50 day moving average is $117.78 and its 200-day moving average is $116.36. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $477.34 billion, a PE ratio of 14.97, a P/E/G ratio of 4.96 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm's revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.97 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.27%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is currently 47.32%.

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.