Exxon Mobil Co. (NYSE:XOM) Shares Sold by New England Asset Management Inc.

New England Asset Management Inc. trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,495 shares of the oil and gas company’s stock after selling 415 shares during the period. New England Asset Management Inc.’s holdings in Exxon Mobil were worth $4,981,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC lifted its position in shares of 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 valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil in the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Truist Financial decreased their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. TD Cowen lowered their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Read Our Latest Stock Report on Exxon Mobil

Exxon Mobil Price Performance

XOM opened at $120.33 on Tuesday. The company has a fifty day moving average price of $118.59 and a two-hundred day moving average price of $116.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market capitalization of $528.86 billion, a PE ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Exxon Mobil Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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