Intrinsic Value Partners LLC Sells 4,500 Shares of Exxon Mobil Co. (NYSE:XOM)

Intrinsic Value Partners LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 60.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,938 shares of the oil and gas company's stock after selling 4,500 shares during the period. Intrinsic Value Partners LLC's holdings in Exxon Mobil were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC boosted its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC raised its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after buying an additional 340 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on XOM shares. Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Redburn Atlantic reaffirmed a "neutral" rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Mizuho lifted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Stock Up 0.0 %

NYSE XOM traded up $0.06 on Tuesday, hitting $120.53. The stock had a trading volume of 5,577,037 shares, compared to its average volume of 16,314,509. The business's fifty day moving average price is $117.96 and its 200 day moving average price is $116.32. 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 Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The stock has a market cap of $529.74 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $2.27 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio 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.