Stone Point Wealth LLC Reduces Position in Exxon Mobil Co. (NYSE:XOM)

Stone Point Wealth LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,845 shares of the oil and gas company’s stock after selling 210 shares during the quarter. Stone Point Wealth LLC’s holdings in Exxon Mobil were worth $802,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Comprehensive Financial Consultants Institutional Inc. boosted its position in Exxon Mobil by 4.0% during the third quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,755 shares of the oil and gas company’s stock worth $557,000 after acquiring an additional 184 shares during the last quarter. Financial Strategies Group Inc. lifted its stake in shares of Exxon Mobil by 6.0% during the 3rd quarter. Financial Strategies Group Inc. now owns 50,458 shares of the oil and gas company’s stock worth $6,261,000 after purchasing an additional 2,835 shares during the period. AIA Group Ltd boosted its holdings in shares of Exxon Mobil by 11.8% during the third quarter. AIA Group Ltd now owns 67,105 shares of the oil and gas company’s stock worth $7,866,000 after purchasing an additional 7,061 shares during the last quarter. Summit Global Investments increased its stake in Exxon Mobil by 79.6% in the third quarter. Summit Global Investments now owns 5,729 shares of the oil and gas company’s stock valued at $672,000 after purchasing an additional 2,539 shares during the last quarter. Finally, Bensler LLC lifted its position in Exxon Mobil by 31.1% during the third quarter. Bensler LLC now owns 2,661 shares of the oil and gas company’s stock worth $312,000 after buying an additional 632 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $121.11 on Friday. The firm has a 50-day moving average of $117.91 and a two-hundred day moving average of $116.40. 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 stock has a market cap of $532.29 billion, a P/E ratio of 15.08, a PEG ratio of 5.07 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.27%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 47.32%.

Analysts Set New Price Targets

Several analysts have commented on the company. The Goldman Sachs Group lifted their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. increased their target price on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.