Paloma Partners Management Co Sells 25,567 Shares of Exxon Mobil Co. (NYSE:XOM)

Paloma Partners Management Co lowered its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 18.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,100 shares of the oil and gas company's stock after selling 25,567 shares during the period. Paloma Partners Management Co's holdings in Exxon Mobil were worth $13,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC increased its holdings in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC lifted its holdings in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil in the second quarter worth approximately $46,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XOM. JPMorgan Chase & Co. raised their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Evercore ISI raised Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Redburn Atlantic restated a "neutral" rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price target on the stock. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.95.

Exxon Mobil Trading Down 0.4 %

Shares of Exxon Mobil stock traded down $0.49 during trading on Monday, hitting $117.47. The stock had a trading volume of 5,307,393 shares, compared to its average volume of 16,200,734. The stock has a market cap of $516.29 billion, a PE ratio of 14.60, a PEG ratio of 4.95 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm's fifty day simple moving average is $119.76 and its 200-day simple moving average is $116.55. 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 results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced 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. This is a positive change 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 3.37%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

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.