Rational Advisors LLC Sells 11,795 Shares of Exxon Mobil Co. (NYSE:XOM)

Rational Advisors LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 49.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,283 shares of the oil and gas company’s stock after selling 11,795 shares during the quarter. Rational Advisors LLC’s holdings in Exxon Mobil were worth $1,440,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. WFA Asset Management Corp grew its stake in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Exxon Mobil in the first quarter valued at approximately $933,000. Tokio Marine Asset Management Co. Ltd. increased its stake in Exxon Mobil by 4.0% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 152,629 shares of the oil and gas company’s stock valued at $17,742,000 after acquiring an additional 5,842 shares during the last quarter. BNP Paribas acquired a new position in Exxon Mobil during the first quarter valued at approximately $17,153,000. Finally, St. Louis Trust Co boosted its holdings in shares of Exxon Mobil by 2.0% in the 1st quarter. St. Louis Trust Co now owns 37,262 shares of the oil and gas company’s stock valued at $4,331,000 after purchasing an additional 729 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on XOM shares. Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. UBS Group lowered their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Up 0.3 %

Shares of NYSE:XOM opened at $118.96 on Wednesday. The company has a market capitalization of $469.06 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 4.79 and a beta of 0.90. The business has a fifty day moving average price of $117.69 and a two-hundred day moving average price of $116.33. 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 Co. has a 1 year low of $95.77 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 7.99 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

About Exxon Mobil

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.