Martingale Asset Management L P Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Martingale Asset Management L P decreased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 15.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 356,692 shares of the oil and gas company's stock after selling 65,885 shares during the quarter. Exxon Mobil makes up 1.0% of Martingale Asset Management L P's holdings, making the stock its 15th largest position. Martingale Asset Management L P's holdings in Exxon Mobil were worth $41,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC lifted its position in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at approximately $39,000. POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Royal Bank of Canada decreased their target price on Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Tuesday. UBS Group reduced their price objective on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Finally, Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Trading Up 0.3 %

XOM stock traded up $0.30 during midday trading on Friday, hitting $117.96. 9,420,167 shares of the company's stock were exchanged, compared to its average volume of 16,249,301. The business has a 50-day simple moving average of $119.70 and a two-hundred day simple moving average of $116.57. 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 stock has a market capitalization of $518.45 billion, a PE ratio of 14.72, a P/E/G ratio of 4.94 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The company's revenue was down .8% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business 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. This represents a $3.96 annualized dividend and a yield of 3.36%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil's payout ratio is presently 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.