Strategy Asset Managers LLC Sells 12,011 Shares of Exxon Mobil Co. (NYSE:XOM)

Strategy Asset Managers LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 73.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,257 shares of the oil and gas company's stock after selling 12,011 shares during the period. Strategy Asset Managers LLC's holdings in Exxon Mobil were worth $499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors 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 grew its stake in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter worth about $39,000. POM Investment Strategies LLC lifted its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $46,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $120.35 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $528.95 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The business has a 50 day simple moving average of $118.96 and a 200-day simple moving average of $116.47.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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 company 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%. The firm's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 EPS. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.29%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XOM shares. UBS Group dropped their price objective on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Redburn Atlantic restated a "neutral" rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Finally, Wells Fargo & Company increased their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.