Bard Financial Services Inc. Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Bard Financial Services Inc. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 34.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,865 shares of the oil and gas company's stock after selling 34,900 shares during the quarter. Exxon Mobil comprises 1.6% of Bard Financial Services Inc.'s investment portfolio, making the stock its 11th biggest holding. Bard Financial Services Inc.'s holdings in Exxon Mobil were worth $7,838,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XOM shares. Barclays dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a report on Thursday. Wolfe Research initiated coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an "outperform" rating and a $146.00 target price on the stock. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Finally, Evercore ISI raised Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $134.18.

Exxon Mobil Stock Performance

XOM traded up $2.25 during midday trading on Friday, hitting $124.83. 19,759,207 shares of the company traded hands, compared to its average volume of 16,859,965. The firm has a market capitalization of $492.21 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $125.19. The company's 50-day moving average is $116.31 and its 200 day moving average is $115.98. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm's revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.04%. Exxon Mobil's payout ratio is 46.57%.

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.

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