Exxon Mobil Co. (NYSE:XOM) Position Trimmed by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 25.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,225 shares of the oil and gas company’s stock after selling 22,691 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Exxon Mobil were worth $7,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. First City Capital Management Inc. boosted its stake in shares of Exxon Mobil by 1.0% during the 3rd quarter. First City Capital Management Inc. now owns 51,259 shares of the oil and gas company’s stock valued at $6,009,000 after buying an additional 523 shares during the period. Fifth Third Wealth Advisors LLC increased its position in Exxon Mobil by 32.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 105,360 shares of the oil and gas company’s stock worth $12,350,000 after purchasing an additional 25,512 shares during the last quarter. Wrapmanager Inc. raised its stake in shares of Exxon Mobil by 37.8% during the 3rd quarter. Wrapmanager Inc. now owns 15,412 shares of the oil and gas company’s stock worth $1,807,000 after purchasing an additional 4,225 shares in the last quarter. BIP Wealth LLC grew its stake in shares of Exxon Mobil by 27.8% in the 3rd quarter. BIP Wealth LLC now owns 23,621 shares of the oil and gas company’s stock valued at $2,769,000 after buying an additional 5,145 shares in the last quarter. Finally, Prospera Financial Services Inc increased its holdings in Exxon Mobil by 5.0% in the third quarter. Prospera Financial Services Inc now owns 439,793 shares of the oil and gas company’s stock worth $51,560,000 after buying an additional 20,751 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.9 %

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

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

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

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. UBS Group reduced their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. JPMorgan Chase & Co. raised their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Redburn Atlantic restated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Company 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.