AA Financial Advisors LLC Sells 956 Shares of Exxon Mobil Co. (NYSE:XOM)

AA Financial Advisors LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 26.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,604 shares of the oil and gas company’s stock after selling 956 shares during the period. AA Financial Advisors LLC’s holdings in Exxon Mobil were worth $305,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of XOM. Foundation Resource Management Inc. increased its stake in shares of Exxon Mobil by 0.6% during the first quarter. Foundation Resource Management Inc. now owns 442,127 shares of the oil and gas company’s stock valued at $51,393,000 after purchasing an additional 2,619 shares in the last quarter. Rockland Trust Co. increased its stake in shares of Exxon Mobil by 3.9% during the first quarter. Rockland Trust Co. now owns 266,258 shares of the oil and gas company’s stock valued at $30,950,000 after purchasing an additional 10,026 shares in the last quarter. Hummer Financial Advisory Services Inc increased its stake in shares of Exxon Mobil by 3.0% during the first quarter. Hummer Financial Advisory Services Inc now owns 14,827 shares of the oil and gas company’s stock valued at $1,723,000 after purchasing an additional 425 shares in the last quarter. MJP Associates Inc. ADV increased its stake in shares of Exxon Mobil by 8.3% during the first quarter. MJP Associates Inc. ADV now owns 7,777 shares of the oil and gas company’s stock valued at $904,000 after purchasing an additional 593 shares in the last quarter. Finally, Sanders Morris Harris LLC grew its holdings in shares of Exxon Mobil by 583.3% during the first quarter. Sanders Morris Harris LLC now owns 47,308 shares of the oil and gas company’s stock valued at $5,499,000 after buying an additional 40,385 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Bank of America assumed coverage on shares of Exxon Mobil in a report on Thursday. They set a “neutral” rating and a $124.00 price target on the stock. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Trading Down 0.3 %

Shares of Exxon Mobil stock opened at $120.01 on Monday. The company’s fifty day simple moving average is $117.39 and its 200-day simple moving average is $116.47. The stock has a market capitalization of $473.20 billion, a PE ratio of 14.71, a P/E/G ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share 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 paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.