Exxon Mobil Co. (NYSE:XOM) Shares Sold by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 44,919 shares of the oil and gas company’s stock after selling 1,294 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Exxon Mobil were worth $5,265,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Mirador Capital Partners LP grew its position in Exxon Mobil by 3.0% in the 3rd quarter. Mirador Capital Partners LP now owns 9,254 shares of the oil and gas company’s stock valued at $1,085,000 after buying an additional 269 shares during the last quarter. Great Waters Wealth Management increased its stake in shares of Exxon Mobil by 2.5% during the third quarter. Great Waters Wealth Management now owns 4,430 shares of the oil and gas company’s stock worth $519,000 after acquiring an additional 106 shares during the period. Eclectic Associates Inc. ADV lifted its position in Exxon Mobil by 1.1% in the third quarter. Eclectic Associates Inc. ADV now owns 13,370 shares of the oil and gas company’s stock valued at $1,567,000 after purchasing an additional 147 shares during the period. Seneca House Advisors boosted its holdings in Exxon Mobil by 5.0% in the 3rd quarter. Seneca House Advisors now owns 2,456 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 116 shares in the last quarter. Finally, Lwmg LLC raised its stake in shares of Exxon Mobil by 666.0% during the 3rd quarter. Lwmg LLC now owns 14,531 shares of the oil and gas company’s stock worth $1,703,000 after buying an additional 12,634 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on XOM. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group decreased their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Truist Financial decreased their price target 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. Sanford C. Bernstein dropped their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

Exxon Mobil Trading Up 1.8 %

Shares of XOM traded up $2.25 during mid-day trading on Friday, reaching $124.83. The company had a trading volume of 19,759,207 shares, compared to its average volume of 16,859,965. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $125.19. The firm has a fifty day simple moving average of $116.31 and a 200-day simple moving average of $115.98. The stock has a market cap of $492.21 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the firm posted $1.94 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.04%. Exxon Mobil’s payout ratio is 46.57%.

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.