Vawter Financial Ltd. Sells 490 Shares of Exxon Mobil Co. (NYSE:XOM)

Vawter Financial Ltd. lessened its position in Exxon Mobil Co. (NYSE:XOM) by 20.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,903 shares of the oil and gas company’s stock after selling 490 shares during the period. Vawter Financial Ltd.’s holdings in Exxon Mobil were worth $223,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after acquiring an additional 14,158,054 shares during the period. Primecap Management Co. CA acquired a new stake in Exxon Mobil during the 2nd quarter valued at $980,210,000. International Assets Investment Management LLC boosted its position in Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the period. Capital International Investors increased its holdings in shares of Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.0 %

NYSE XOM opened at $119.35 on Friday. The business has a fifty day moving average price of $118.49 and a two-hundred day moving average price of $116.40. The stock has a market capitalization of $524.56 billion, a PE ratio of 14.86, a PEG ratio of 5.09 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. 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) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the company earned $2.27 EPS. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.32%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 9th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, TD Cowen dropped their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Company 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.