Etesian Wealth Advisors Inc. Trims Position in Exxon Mobil Co. (NYSE:XOM)

Etesian Wealth Advisors Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,780 shares of the oil and gas company’s stock after selling 190 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XOM. Integris Wealth Management LLC raised its holdings in Exxon Mobil by 1.4% during the 3rd quarter. Integris Wealth Management LLC now owns 7,240 shares of the oil and gas company’s stock valued at $849,000 after buying an additional 100 shares during the period. Key Client Fiduciary Advisors LLC raised its stake in shares of Exxon Mobil by 1.1% during the third quarter. Key Client Fiduciary Advisors LLC now owns 13,038 shares of the oil and gas company’s stock valued at $1,528,000 after acquiring an additional 139 shares in the last quarter. First Bancorp Inc ME lifted its holdings in shares of Exxon Mobil by 1.6% in the 3rd quarter. First Bancorp Inc ME now owns 20,858 shares of the oil and gas company’s stock worth $2,445,000 after buying an additional 335 shares during the period. ST Germain D J Co. Inc. grew its holdings in Exxon Mobil by 1.7% during the 3rd quarter. ST Germain D J Co. Inc. now owns 164,976 shares of the oil and gas company’s stock worth $19,339,000 after acquiring an additional 2,808 shares in the last quarter. Finally, Schubert & Co increased its holdings in Exxon Mobil by 4.7% during the third quarter. Schubert & Co now owns 9,999 shares of the oil and gas company’s stock valued at $1,172,000 after buying an additional 452 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $120.01 on Friday. The company has a 50-day simple moving average of $117.39 and a 200-day simple moving average of $116.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a market cap of $473.20 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $1.94 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given 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 dividend yield of 3.17%. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday. They set a “neutral” rating and a $124.00 price objective on the stock. Finally, Truist Financial reduced their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average 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.