Thrivent Financial for Lutherans trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,427,556 shares of the oil and gas company's stock after selling 29,258 shares during the period. Exxon Mobil comprises about 0.5% of Thrivent Financial for Lutherans' holdings, making the stock its 18th biggest holding. Thrivent Financial for Lutherans owned 0.06% of Exxon Mobil worth $284,558,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. Fairway Wealth LLC acquired a new position in Exxon Mobil during the second quarter valued at $35,000. Anfield Capital Management LLC raised its position in 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 period. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter valued at $39,000. POM Investment Strategies LLC raised its position 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 buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new position in Exxon Mobil in the 2nd quarter worth about $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on XOM shares. 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. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $129.95.
Get Our Latest Stock Analysis on XOM
Exxon Mobil Trading Down 1.0 %
Shares of XOM stock traded down $1.25 during mid-day trading on Friday, hitting $119.31. The company's stock had a trading volume of 19,051,713 shares, compared to its average volume of 13,244,567. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company's fifty day simple moving average is $118.49 and its 200-day simple moving average is $116.39. The company has a market cap of $524.38 billion, a PE ratio of 14.86, a P/E/G ratio of 5.00 and a beta of 0.90. 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 issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business 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 fiscal year.
Exxon Mobil Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.32%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's payout ratio is 49.32%.
About Exxon Mobil
(
Free Report)
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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