Exxon Mobil Co. (NYSE:XOM) Shares Sold by Wagner Wealth Management LLC

Wagner Wealth Management LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 25.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,676 shares of the oil and gas company’s stock after selling 4,781 shares during the quarter. Wagner Wealth Management LLC’s holdings in Exxon Mobil were worth $1,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GLOBALT Investments LLC GA acquired a new position in Exxon Mobil in the fourth quarter valued at $5,022,000. Novak & Powell Financial Services Inc. purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $669,000. WNY Asset Management LLC raised its holdings in shares of Exxon Mobil by 10.5% in the fourth quarter. WNY Asset Management LLC now owns 19,168 shares of the oil and gas company’s stock valued at $1,916,000 after buying an additional 1,816 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Exxon Mobil by 0.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 16,272 shares of the oil and gas company’s stock valued at $1,627,000 after buying an additional 135 shares during the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $224,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $129.00 to $145.00 in a report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Tuesday, October 8th. Finally, Barclays dropped their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.88.

Exxon Mobil Trading Up 0.4 %

Shares of XOM traded up $0.47 during mid-day trading on Friday, reaching $123.61. The company had a trading volume of 8,294,839 shares, compared to its average volume of 16,737,104. The stock has a market cap of $487.40 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The firm has a fifty day simple moving average of $116.90 and a 200-day simple moving average of $116.34. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. 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 (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter last year, the business earned $1.94 EPS. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 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.