Exxon Mobil Co. (NYSE:XOM) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 16.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 514,083 shares of the oil and gas company’s stock after selling 101,225 shares during the quarter. Exxon Mobil makes up 0.7% of Intech Investment Management LLC’s investment portfolio, making the stock its 20th biggest position. Intech Investment Management LLC’s holdings in Exxon Mobil were worth $60,261,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp increased its position in shares of Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $933,000. Capital Group Private Client Services Inc. increased its position in shares of Exxon Mobil by 829.7% in the 1st quarter. Capital Group Private Client Services Inc. now owns 124,897 shares of the oil and gas company’s stock worth $14,518,000 after purchasing an additional 111,463 shares during the last quarter. Capital International Inc. CA increased its position in shares of Exxon Mobil by 76.2% in the 1st quarter. Capital International Inc. CA now owns 156,169 shares of the oil and gas company’s stock worth $18,153,000 after purchasing an additional 67,531 shares during the last quarter. Finally, Capital International Sarl bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $358,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on XOM shares. 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, November 4th. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. BMO Capital Markets boosted 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. Finally, The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Price Performance

NYSE XOM opened at $120.35 on Thursday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $528.95 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. The company has a 50-day moving average price of $118.96 and a two-hundred day moving average price of $116.47.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend 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.