Exxon Mobil Co. (NYSE:XOM) Stock Position Reduced by Rock Point Advisors LLC

Rock Point Advisors LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 9.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,798 shares of the oil and gas company’s stock after selling 400 shares during the quarter. Rock Point Advisors LLC’s holdings in Exxon Mobil were worth $445,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of XOM. Principal Street Partners LLC raised its holdings in shares of Exxon Mobil by 94.1% during the third quarter. Principal Street Partners LLC now owns 22,575 shares of the oil and gas company’s stock worth $2,600,000 after acquiring an additional 10,944 shares in the last quarter. Avestar Capital LLC grew its stake in 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 in the last quarter. Brooklyn Investment Group increased its position in Exxon Mobil by 36.8% in the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after purchasing an additional 6,753 shares during the last quarter. FMR LLC raised its stake in shares of Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after purchasing an additional 395,218 shares in the last quarter. Finally, West Tower Group LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter valued at about $270,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial dropped their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. BMO Capital Markets lifted 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 note on Friday, October 4th. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Stock Performance

Shares of XOM stock traded down $1.52 during trading hours on Tuesday, reaching $118.45. 1,641,248 shares of the company’s stock were exchanged, compared to its average volume of 16,241,853. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $520.60 billion, a P/E ratio of 14.94, a P/E/G ratio of 5.10 and a beta of 0.90. The business 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 released its earnings results 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. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Analysts predict that Exxon Mobil Co. will post 7.96 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 given a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. Exxon Mobil’s dividend payout ratio (DPR) is 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.