Aletheian Wealth Advisors LLC Sells 5,619 Shares of Exxon Mobil Co. (NYSE:XOM)

Aletheian Wealth Advisors LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 57.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,216 shares of the oil and gas company's stock after selling 5,619 shares during the period. Aletheian Wealth Advisors LLC's holdings in Exxon Mobil were worth $494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirador Capital Partners LP raised its position in shares of Exxon Mobil by 4.9% in the first quarter. Mirador Capital Partners LP now owns 9,214 shares of the oil and gas company's stock valued at $1,071,000 after purchasing an additional 434 shares during the period. Aviance Capital Partners LLC raised its holdings in Exxon Mobil by 21.6% during the 1st quarter. Aviance Capital Partners LLC now owns 45,366 shares of the oil and gas company's stock valued at $5,273,000 after acquiring an additional 8,070 shares during the period. Caerus Investment Advisors LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth $228,000. Udine Wealth Management Inc. bought a new position in shares of Exxon Mobil in the first quarter worth $1,823,000. Finally, Kowal Investment Group LLC raised its stake in shares of Exxon Mobil by 22.0% during the 1st quarter. Kowal Investment Group LLC now owns 12,172 shares of the oil and gas company's stock valued at $1,415,000 after purchasing an additional 2,199 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM traded up $0.31 during trading hours on Thursday, hitting $117.00. The stock had a trading volume of 12,145,626 shares, compared to its average volume of 16,366,797. The firm has a market capitalization of $461.33 billion, a PE ratio of 14.38, a PEG ratio of 5.00 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. The stock has a fifty day moving average price of $117.66 and a 200 day moving average price of $116.39. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The firm's revenue was up 12.2% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.25%. Exxon Mobil's payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. Barclays cut their target price on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $120.00 target price on shares of Exxon Mobil in a report on Tuesday, October 8th. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday. Finally, Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus price target of $130.37.

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.