Allspring Global Investments Holdings LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Allspring Global Investments Holdings LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 943,250 shares of the oil and gas company's stock after selling 8,709 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Exxon Mobil were worth $110,568,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Etfidea LLC raised its stake in shares of Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock valued at $307,000 after purchasing an additional 85 shares during the period. Bigelow Investment Advisors LLC lifted its stake in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock worth $1,559,000 after purchasing an additional 86 shares in the last quarter. Integral Investment Advisors Inc. boosted its holdings in Exxon Mobil by 2.1% in the 2nd 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 during the period. CBIZ Investment Advisory Services LLC grew its position in shares of Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock valued at $76,000 after purchasing an additional 87 shares in the last quarter. Finally, Mascoma Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 88 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BMO Capital Markets boosted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an "outperform" rating and a $146.00 target price on the stock. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Tuesday, October 8th. One 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $131.44.

Exxon Mobil Trading Up 0.1 %

Exxon Mobil stock traded up $0.07 during mid-day trading on Monday, reaching $120.08. 10,101,928 shares of the company traded hands, compared to its average volume of 16,579,174. The firm's 50 day moving average price is $117.41 and its 200 day moving average price is $116.47. The firm has a market capitalization of $473.48 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share 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 return on equity of 16.07% and a net margin of 9.73%. The firm's revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. Exxon Mobil's payout ratio is 46.57%.

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.