Exxon Mobil Co. (NYSE:XOM) Holdings Reduced by LGT Financial Advisors LLC

LGT Financial Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,698 shares of the oil and gas company’s stock after selling 155 shares during the period. Exxon Mobil makes up about 2.2% of LGT Financial Advisors LLC’s holdings, making the stock its 6th largest holding. LGT Financial Advisors LLC’s holdings in Exxon Mobil were worth $902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of XOM. Price T Rowe Associates Inc. MD grew its holdings in Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after buying an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after acquiring an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Legal & General Group Plc increased its position in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. Finally, Capital International Investors raised its stake in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XOM shares. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. TD Cowen dropped their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a report on Monday. Finally, BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Up 0.1 %

Shares of NYSE XOM opened at $121.15 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a market cap of $477.70 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 4.96 and a beta of 0.90. The business has a fifty day simple moving average of $117.78 and a two-hundred day simple moving average of $116.36. 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 (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $2.27 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 7.97 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 issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase 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 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

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.