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

Mengis Capital Management Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,131 shares of the oil and gas company’s stock after selling 278 shares during the period. Exxon Mobil makes up approximately 1.6% of Mengis Capital Management Inc.’s investment portfolio, making the stock its 15th largest holding. Mengis Capital Management Inc.’s holdings in Exxon Mobil were worth $7,986,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Haverford Trust Co lifted its position in Exxon Mobil by 1.2% in the third quarter. Haverford Trust Co now owns 149,418 shares of the oil and gas company’s stock worth $17,515,000 after purchasing an additional 1,830 shares during the period. Empower Advisory Group LLC raised its stake in shares of Exxon Mobil by 3.1% in the 3rd quarter. Empower Advisory Group LLC now owns 1,411,160 shares of the oil and gas company’s stock worth $165,416,000 after buying an additional 41,974 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Exxon Mobil by 17.6% in the third quarter. Aptus Capital Advisors LLC now owns 365,354 shares of the oil and gas company’s stock valued at $42,827,000 after buying an additional 54,623 shares during the period. Commonwealth Retirement Investments LLC boosted its stake in Exxon Mobil by 2.5% during the third quarter. Commonwealth Retirement Investments LLC now owns 74,734 shares of the oil and gas company’s stock valued at $8,760,000 after buying an additional 1,816 shares in the last quarter. Finally, First Heartland Consultants Inc. boosted its stake in Exxon Mobil by 0.9% during the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after buying an additional 87 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 1.0 %

Shares of XOM stock opened at $121.50 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The business’s 50 day moving average is $118.06 and its two-hundred day moving average is $116.34. The company has a market cap of $534.00 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 5.05 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released 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 return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The company’s revenue was down .8% on a year-over-year basis. Equities analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.26%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. TD Cowen cut their price target on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday, November 4th. BMO Capital Markets increased their target price 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. 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 report on Thursday, October 10th. UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. One 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Company 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.