Tilia Fiduciary Partners Inc. Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Tilia Fiduciary Partners Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,342 shares of the oil and gas company’s stock after selling 250 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Exxon Mobil were worth $509,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Patron Partners LLC boosted its holdings in shares of Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after acquiring an additional 2,564 shares during the period. YHB Investment Advisors Inc. grew its position in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after purchasing an additional 1,836 shares during the last quarter. Cooksen Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $136,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Exxon Mobil by 79.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after buying an additional 380,399 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after buying an additional 379,747 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on XOM. Wells Fargo & Company upped 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. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Finally, Barclays reduced their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. 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. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $131.72.

Exxon Mobil Trading Down 0.5 %

Shares of Exxon Mobil stock traded down $0.64 during trading hours on Wednesday, reaching $121.40. The stock had a trading volume of 1,710,007 shares, compared to its average volume of 16,765,996. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a market capitalization of $478.68 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 4.86 and a beta of 0.89. The firm has a 50 day simple moving average of $116.58 and a two-hundred day simple moving average of $116.17.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.94 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Exxon Mobil 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.