Los Angeles Capital Management LLC Sells 932,776 Shares of Exxon Mobil Co. (NYSE:XOM)

Los Angeles Capital Management LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 80.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,476 shares of the oil and gas company's stock after selling 932,776 shares during the period. Los Angeles Capital Management LLC's holdings in Exxon Mobil were worth $26,313,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of XOM. Etfidea LLC lifted its holdings in shares of Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock valued at $307,000 after buying an additional 85 shares during the period. Bigelow Investment Advisors LLC grew its position in shares of 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 valued at $1,559,000 after purchasing an additional 86 shares in the last quarter. Integral Investment Advisors Inc. grew its position in shares of Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock valued at $483,000 after purchasing an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position in Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock worth $76,000 after acquiring an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC grew its position in Exxon Mobil by 7.0% in the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company's stock worth $155,000 after acquiring an additional 88 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. Redburn Atlantic restated a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, November 4th. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Finally, UBS Group lowered their price target on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.95.

Exxon Mobil Stock Down 0.1 %

Shares of XOM traded down $0.14 during mid-day trading on Tuesday, hitting $120.33. 4,861,246 shares of the company's stock were exchanged, compared to its average volume of 16,311,240. The firm has a fifty day moving average of $117.96 and a two-hundred day moving average of $116.32. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The stock has a market cap of $528.86 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 5.08 and a beta of 0.90. 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 quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the firm posted $2.27 EPS. The firm's quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared 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 represents a $3.96 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is 47.32%.

About Exxon Mobil

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.