DRW Securities LLC Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

DRW Securities LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 18.6% in the third quarter, Holdings Channel reports. The institutional investor owned 23,795 shares of the oil and gas company’s stock after selling 5,440 shares during the period. DRW Securities LLC’s holdings in Exxon Mobil were worth $2,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of XOM. WFA Asset Management Corp lifted its position in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after acquiring an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $933,000. Earnest Partners LLC boosted its position in shares of Exxon Mobil by 22.3% in the 1st quarter. Earnest Partners LLC now owns 22,910 shares of the oil and gas company’s stock worth $2,663,000 after purchasing an additional 4,185 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in 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 buying an additional 762 shares during the last quarter. Finally, Icon Wealth Advisors LLC increased its position in Exxon Mobil by 1.8% during the 1st quarter. Icon Wealth Advisors LLC now owns 154,902 shares of the oil and gas company’s stock valued at $18,006,000 after buying an additional 2,755 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Monday, November 4th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. BMO Capital Markets upped their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $121.79 on Monday. The firm has a market cap of $535.28 billion, a PE ratio of 15.17, a P/E/G ratio of 5.10 and a beta of 0.90. The business has a 50-day moving average price of $119.39 and a 200 day moving average price of $116.55. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.96 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.