Exxon Mobil Co. (NYSE:XOM) Shares Sold by Ritter Daniher Financial Advisory LLC DE

Ritter Daniher Financial Advisory LLC DE trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,383 shares of the oil and gas company’s stock after selling 344 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Exxon Mobil were worth $748,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC grew its holdings in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter worth approximately $39,000. POM Investment Strategies LLC raised its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XOM shares. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Down 1.0 %

Exxon Mobil stock opened at $119.31 on Friday. The firm’s 50 day moving average price is $118.49 and its two-hundred day moving average price is $116.39. The firm has a market cap of $524.38 billion, a PE ratio of 14.86, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced 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. The ex-dividend date is Thursday, November 14th. 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 yield of 3.32%. Exxon Mobil’s dividend payout ratio (DPR) 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.