Northwest Bancshares Inc. Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Northwest Bancshares Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,456 shares of the oil and gas company's stock after selling 8,504 shares during the quarter. Exxon Mobil makes up approximately 1.3% of Northwest Bancshares Inc.'s investment portfolio, making the stock its 11th largest position. Northwest Bancshares Inc.'s holdings in Exxon Mobil were worth $7,790,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XOM. Prospera Private Wealth LLC lifted its stake in Exxon Mobil by 26.9% during the 3rd quarter. Prospera Private Wealth LLC now owns 167,550 shares of the oil and gas company's stock worth $19,640,000 after acquiring an additional 35,535 shares in the last quarter. Kraft Davis & Associates LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $319,000. Avior Wealth Management LLC raised its stake in Exxon Mobil by 1.8% during the 3rd quarter. Avior Wealth Management LLC now owns 89,396 shares of the oil and gas company's stock worth $10,479,000 after acquiring an additional 1,589 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Exxon Mobil in the third quarter valued at $17,056,000. Finally, First City Capital Management Inc. grew its holdings in shares of Exxon Mobil by 1.0% during the third quarter. First City Capital Management Inc. now owns 51,259 shares of the oil and gas company's stock worth $6,009,000 after purchasing an additional 523 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM traded up $0.72 on Wednesday, reaching $119.35. The stock had a trading volume of 4,844,383 shares, compared to its average volume of 16,254,075. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm has a fifty day moving average of $118.75 and a two-hundred day moving average of $116.44. The company has a market cap of $524.56 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. 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 (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, topping 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 company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. Exxon Mobil's revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm 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 $0.99 dividend. 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 annualized dividend and a yield of 3.32%. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a report on Friday, October 4th. Mizuho upped their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Finally, TD Cowen lifted their price target on Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $130.21.

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.