Moran Wealth Management LLC Sells 84,632 Shares of Exxon Mobil Co. (NYSE:XOM)

Moran Wealth Management LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 42.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,444 shares of the oil and gas company's stock after selling 84,632 shares during the period. Moran Wealth Management LLC's holdings in Exxon Mobil were worth $13,650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Price T Rowe Associates Inc. MD raised its position in shares of Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock valued at $5,249,607,000 after acquiring an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Exxon Mobil by 11.3% during the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Legal & General Group Plc lifted its position in shares of Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock valued at $3,197,989,000 after buying an additional 5,523,429 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Morgan Stanley cut their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. BNP Paribas lowered shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. 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 research report on Thursday, October 3rd. Truist Financial dropped their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Finally, TD Cowen boosted their price objective on Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $130.21.

Exxon Mobil Stock Up 1.4 %

NYSE:XOM traded up $1.72 on Wednesday, hitting $120.35. 11,352,717 shares of the company's stock traded hands, compared to its average volume of 16,282,997. The company has a market cap of $528.95 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 5.00 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. 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 firm has a 50-day moving average price of $118.96 and a 200-day moving average price of $116.47.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 EPS. The company's revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders 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 is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

Exxon Mobil Company 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.