Mason & Associates Inc Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Mason & Associates Inc cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,109 shares of the oil and gas company’s stock after selling 188 shares during the quarter. Mason & Associates Inc’s holdings in Exxon Mobil were worth $1,419,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil during the first quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC increased its stake in 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 last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC increased its stake in 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 last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM opened at $119.50 on Friday. The firm has a market cap of $471.19 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 5.00 and a beta of 0.89. The stock has a 50 day moving average of $117.51 and a 200-day moving average of $116.51. 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 Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.18%. Exxon Mobil’s dividend payout ratio is currently 45.45%.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. Morgan Stanley dropped their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 8th. Wolfe Research initiated coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Finally, Barclays dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. One equities 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

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.