Exxon Mobil Co. (NYSE:XOM) Shares Sold by Carlson Capital Management

Carlson Capital Management cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,429 shares of the oil and gas company’s stock after selling 190 shares during the quarter. Carlson Capital Management’s holdings in Exxon Mobil were worth $1,105,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Shum Financial Group Inc. acquired a new position in shares of Exxon Mobil during the 3rd quarter worth $942,000. Principal Street Partners LLC lifted its holdings in shares of Exxon Mobil by 94.1% in the third quarter. Principal Street Partners LLC now owns 22,575 shares of the oil and gas company’s stock valued at $2,600,000 after purchasing an additional 10,944 shares in the last quarter. Avestar Capital LLC grew its position in shares of Exxon Mobil by 6.1% in the third quarter. Avestar Capital LLC now owns 24,617 shares of the oil and gas company’s stock valued at $2,886,000 after purchasing an additional 1,423 shares during the last quarter. Brooklyn Investment Group increased its stake in Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after purchasing an additional 6,753 shares during the last quarter. Finally, FMR LLC lifted its position in Exxon Mobil by 0.3% during the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after buying an additional 395,218 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, November 4th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, Redburn Atlantic restated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Trading Down 0.9 %

Shares of Exxon Mobil stock traded down $1.07 on Tuesday, reaching $118.90. 3,375,399 shares of the company were exchanged, compared to its average volume of 16,249,783. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a market capitalization of $522.58 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90. The stock has a fifty day moving average price of $119.53 and a 200-day moving average price of $116.56.

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 analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

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

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.