Exxon Mobil Co. (NYSE:XOM) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 30.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 80,383 shares of the oil and gas company’s stock after selling 36,000 shares during the quarter. Exxon Mobil makes up 1.3% of Kiltearn Partners LLP’s holdings, making the stock its 26th biggest holding. Kiltearn Partners LLP’s holdings in Exxon Mobil were worth $9,422,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in shares of Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares during the period. Primecap Management Co. CA purchased a new stake in Exxon Mobil in the second quarter valued at $980,210,000. International Assets Investment Management LLC raised its position in Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $117.98 on Wednesday. The firm has a fifty day moving average price of $119.61 and a 200 day moving average price of $116.56. The company has a market cap of $518.53 billion, a P/E ratio of 14.69, a PEG ratio of 5.04 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month 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.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping 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 firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on XOM shares. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. BMO Capital Markets lifted their target price on 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, Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

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.