Phillips Financial Management LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Phillips Financial Management LLC lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,113 shares of the oil and gas company’s stock after selling 199 shares during the period. Phillips Financial Management LLC’s holdings in Exxon Mobil were worth $248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the second quarter valued at about $35,000. Anfield Capital Management LLC lifted 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 acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the second quarter valued at approximately $39,000. POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the second quarter worth $46,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 1.0 %

NYSE XOM opened at $119.31 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $524.38 billion, a P/E ratio of 14.86, a PEG ratio of 5.00 and a beta of 0.90. The firm’s 50-day moving average is $118.49 and its two-hundred day moving average is $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) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the business posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given 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 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Analyst Ratings Changes

Several brokerages recently weighed in on XOM. Truist Financial dropped their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. TD Cowen dropped their price target on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Mizuho boosted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

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.