Exxon Mobil Co. (NYSE:XOM) Stake Reduced by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,465,399 shares of the oil and gas company’s stock after selling 220,836 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Exxon Mobil were worth $171,774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. 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. bought a new stake in Exxon Mobil in the first quarter worth about $933,000. Resonant Capital Advisors LLC raised its position in Exxon Mobil by 3.5% in the first quarter. Resonant Capital Advisors LLC now owns 44,850 shares of the oil and gas company’s stock worth $5,212,000 after acquiring an additional 1,530 shares in the last quarter. StoneX Group Inc. increased its stake in Exxon Mobil by 5.9% in the 1st quarter. StoneX Group Inc. now owns 43,226 shares of the oil and gas company’s stock worth $5,025,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV increased its stake in Exxon Mobil by 58.6% in the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 12,031 shares of the oil and gas company’s stock worth $1,398,000 after purchasing an additional 4,447 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on XOM shares. Morgan Stanley dropped their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Sanford C. Bernstein dropped their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Up 3.2 %

Shares of XOM stock opened at $118.61 on Tuesday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The firm has a market cap of $467.68 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The stock has a 50 day moving average of $117.67 and a 200-day moving average of $116.33. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

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, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the company earned $2.27 earnings per share. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 8.01 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.34%. Exxon Mobil’s payout ratio is 45.45%.

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.