Qsemble Capital Management LP Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

Qsemble Capital Management LP cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 19.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,849 shares of the oil and gas company’s stock after selling 4,257 shares during the quarter. Qsemble Capital Management LP’s holdings in Exxon Mobil were worth $2,092,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. WFA Asset Management Corp raised its position in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Exxon Mobil during the first quarter worth $933,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Exxon Mobil by 29.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock worth $390,000 after acquiring an additional 762 shares during the period. Castleark Management LLC raised its position in shares of Exxon Mobil by 41.3% in the 1st quarter. Castleark Management LLC now owns 178,300 shares of the oil and gas company’s stock worth $20,726,000 after buying an additional 52,100 shares during the period. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Exxon Mobil during the 1st quarter worth about $1,205,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XOM. JPMorgan Chase & Co. increased their price target on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, 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. One equities research 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. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Trading Down 1.5 %

Shares of NYSE XOM opened at $119.97 on Tuesday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $527.28 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 5.10 and a beta of 0.90. The company’s fifty day moving average is $119.53 and its 200-day moving average is $116.56.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company 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 14.73% and a net margin of 9.61%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.30%. 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 payout ratio is presently 49.32%.

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.