Caerus Investment Advisors LLC Sells 1,400 Shares of Exxon Mobil Co. (NYSE:XOM)

Caerus Investment Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 36.2% in the third quarter, HoldingsChannel.com reports. The firm owned 2,472 shares of the oil and gas company’s stock after selling 1,400 shares during the period. Caerus Investment Advisors LLC’s holdings in Exxon Mobil were worth $216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Karp Capital Management Corp purchased a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $28,000. Mine & Arao Wealth Creation & Management LLC. boosted its stake in shares of Exxon Mobil by 61.7% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after buying an additional 169 shares during the last quarter. Horizons Wealth Management purchased a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $41,000. Orion Capital Management LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $44,000. Finally, Turim 21 Investimentos Ltda. lifted its stake in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the last quarter. 57.49% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.9 %

XOM opened at $113.81 on Wednesday. The stock has a market cap of $468.70 billion, a PE ratio of 9.29, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 52 week low of $71.39 and a 52 week high of $126.54. The business’s fifty day simple moving average is $109.54 and its 200 day simple moving average is $101.20.

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. The business had revenue of $112.07 billion for the quarter, compared to analysts’ expectations of $102.96 billion. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The firm’s revenue was up 51.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 13.92 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.20%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, November 14th. Exxon Mobil’s dividend payout ratio is presently 29.71%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wells Fargo & Company upped their price objective on Exxon Mobil from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. Credit Suisse Group upped their price objective on Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Redburn Partners downgraded Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Exane BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective on the stock in a research note on Tuesday, November 1st. Finally, Morgan Stanley boosted their target price on shares of Exxon Mobil from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.35.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the sale, the vice president now directly owns 34,272 shares in the company, valued at $3,598,560. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Company Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.