RFP Financial Group LLC Sells 3,777 Shares of Exxon Mobil Co. (NYSE:XOM)

RFP Financial Group LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 29.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,855 shares of the oil and gas company’s stock after selling 3,777 shares during the period. RFP Financial Group LLC’s holdings in Exxon Mobil were worth $1,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Etfidea LLC grew its position in shares of Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares during the period. Bigelow Investment Advisors LLC lifted its stake in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after buying an additional 86 shares in the last quarter. Integral Investment Advisors Inc. lifted its stake in Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after buying an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 87 shares in the last quarter. Finally, Mascoma Wealth Management LLC lifted its stake in Exxon Mobil by 7.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after buying an additional 88 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.5 %

Shares of NYSE XOM opened at $120.71 on Wednesday. The firm has a market cap of $475.96 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 5.02 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 Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The business’s 50 day moving average is $117.47 and its two-hundred day moving average is $116.47.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.94 earnings per share. Research analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on XOM. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Morgan Stanley decreased their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. BMO Capital Markets raised their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Finally, Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average 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.