Harmony Asset Management LLC Sells 4,986 Shares of Exxon Mobil Co. (NYSE:XOM)

Harmony Asset Management LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 15.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,859 shares of the oil and gas company's stock after selling 4,986 shares during the quarter. Exxon Mobil accounts for 1.2% of Harmony Asset Management LLC's investment portfolio, making the stock its 20th largest holding. Harmony Asset Management LLC's holdings in Exxon Mobil were worth $3,266,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Lynx Investment Advisory bought a new stake in shares of Exxon Mobil in the second quarter worth $47,000. PFW Advisors LLC grew its position in Exxon Mobil by 23.3% in the 2nd quarter. PFW Advisors LLC now owns 2,955 shares of the oil and gas company's stock valued at $340,000 after buying an additional 559 shares in the last quarter. Cullinan Associates Inc. lifted its holdings in Exxon Mobil by 7.3% in the 2nd quarter. Cullinan Associates Inc. now owns 314,776 shares of the oil and gas company's stock valued at $36,237,000 after acquiring an additional 21,351 shares during the last quarter. Matrix Trust Co lifted its holdings in Exxon Mobil by 2.5% in the 2nd quarter. Matrix Trust Co now owns 19,528 shares of the oil and gas company's stock valued at $2,248,000 after acquiring an additional 485 shares during the last quarter. Finally, RDA Financial Network lifted its holdings in Exxon Mobil by 28.0% in the 2nd quarter. RDA Financial Network now owns 8,292 shares of the oil and gas company's stock valued at $955,000 after acquiring an additional 1,812 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on XOM shares. The Goldman Sachs Group upped their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Royal Bank of Canada lowered their price target 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. TD Cowen increased their price objective on Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. BNP Paribas cut Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Finally, UBS Group reduced their target price on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Stock Down 0.2 %

Shares of NYSE:XOM traded down $0.19 during trading on Tuesday, hitting $117.66. 11,753,820 shares of the company's stock traded hands, compared to its average volume of 16,214,747. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $517.13 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 4.95 and a beta of 0.89. The company has a 50-day moving average price of $119.78 and a 200-day moving average price of $116.54.

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 for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders 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 yield of 3.37%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. 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.