Exxon Mobil Co. (NYSE:XOM) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. cut its position in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the third quarter, HoldingsChannel reports. The firm owned 50,155 shares of the oil and gas company’s stock after selling 297 shares during the quarter. Exxon Mobil accounts for 1.5% of Wright Investors Service Inc.’s holdings, making the stock its 17th biggest position. Wright Investors Service Inc.’s holdings in Exxon Mobil were worth $5,879,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil in the first quarter valued at $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC increased its stake 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 acquiring an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC increased its stake in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.8 %

Shares of Exxon Mobil stock traded up $2.25 during trading hours on Friday, hitting $124.83. The company’s stock had a trading volume of 19,759,207 shares, compared to its average volume of 16,859,965. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $125.19. The business has a fifty day moving average of $116.31 and a 200 day moving average of $116.00. The company has a market capitalization of $492.21 billion, a PE ratio of 15.30, a P/E/G ratio of 4.86 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.04%. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted 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. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Nine investment 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.18.

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.