Leuthold Group LLC Sells 2,317 Shares of Exxon Mobil Co. (NYSE:XOM)

Leuthold Group LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 76,051 shares of the oil and gas company’s stock after selling 2,317 shares during the period. Leuthold Group LLC’s holdings in Exxon Mobil were worth $8,915,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XOM. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil in the first quarter worth $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC grew its stake in Exxon Mobil by 360.0% in the 2nd 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 in the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $39,000. Finally, POM Investment Strategies LLC raised 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 valued at $43,000 after acquiring an additional 340 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of several research reports. Morgan Stanley reduced their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. UBS Group lowered their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Sanford C. Bernstein cut their price objective 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. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Finally, Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Stock Down 1.3 %

NYSE:XOM opened at $117.33 on Wednesday. The firm has a market capitalization of $462.63 billion, a P/E ratio of 14.38, a PEG ratio of 5.00 and a beta of 0.89. The company’s fifty day moving average price is $117.60 and its 200-day moving average price is $116.39. 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 earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping 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 firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. 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 3.24%. 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.