Exxon Mobil Co. (NYSE:XOM) Shares Sold by Symmetry Partners LLC

Symmetry Partners LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 94.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,382 shares of the oil and gas company’s stock after selling 44,153 shares during the quarter. Symmetry Partners LLC’s holdings in Exxon Mobil were worth $279,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Greenwich Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 1.3% during the third quarter. Greenwich Wealth Management LLC now owns 12,943 shares of the oil and gas company’s stock worth $1,517,000 after purchasing an additional 165 shares during the last quarter. Creative Capital Management Investments LLC raised its position in shares of Exxon Mobil by 143.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 3,579 shares of the oil and gas company’s stock worth $420,000 after buying an additional 2,109 shares during the period. Farther Finance Advisors LLC raised its position in shares of Exxon Mobil by 23.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 69,291 shares of the oil and gas company’s stock worth $8,122,000 after buying an additional 12,986 shares during the period. Dash Acquisitions Inc. purchased a new position in shares of Exxon Mobil in the 3rd quarter worth $1,381,000. Finally, Weatherly Asset Management L. P. raised its position in shares of Exxon Mobil by 7.6% in the 3rd quarter. Weatherly Asset Management L. P. now owns 9,343 shares of the oil and gas company’s stock worth $1,095,000 after buying an additional 656 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wolfe Research increased their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday. The Goldman Sachs Group increased their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday. Mizuho increased their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $130.37.

Exxon Mobil Stock Down 1.6 %

Shares of NYSE XOM opened at $114.95 on Monday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a market cap of $453.25 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 4.86 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock’s 50-day simple moving average is $117.67 and its 200-day simple moving average is $116.33.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 8.01 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.44%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 45.45%.

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.