Exxon Mobil Corporation $XOM Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 8.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,243,159 shares of the oil and gas company’s stock after selling 217,498 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Exxon Mobil were worth $252,916,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $6,163,719,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at $607,621,000. First Trust Advisors LP grew its position in shares of Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after buying an additional 4,563,707 shares during the last quarter. Cerity Partners LLC raised its stake in Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after acquiring an additional 4,015,099 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in Exxon Mobil by 10,809.8% in the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after acquiring an additional 3,066,736 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 3.3%

XOM opened at $121.20 on Wednesday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $125.93. The business has a 50 day moving average price of $117.64 and a two-hundred day moving average price of $113.69. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The company has a market cap of $511.12 billion, a PE ratio of 17.62, a P/E/G ratio of 7.72 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $57.55 billion for the quarter. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.4%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wells Fargo & Company raised their price objective on Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Morgan Stanley upped their target price on Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and an average price target of $129.81.

Read Our Latest Report on Exxon Mobil

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil News Summary

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Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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