Tlwm Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Tlwm lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,168 shares of the oil and gas company’s stock after selling 116 shares during the quarter. Tlwm’s holdings in Exxon Mobil were worth $1,075,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Axiom Advisory LLC lifted its position in Exxon Mobil by 3.9% during the third quarter. Axiom Advisory LLC now owns 66,319 shares of the oil and gas company’s stock valued at $7,659,000 after purchasing an additional 2,488 shares during the last quarter. Pioneer Wealth Management Group lifted its holdings in shares of Exxon Mobil by 17.8% in the 3rd quarter. Pioneer Wealth Management Group now owns 2,186 shares of the oil and gas company’s stock valued at $256,000 after acquiring an additional 330 shares during the last quarter. Callan Family Office LLC grew its position in Exxon Mobil by 23.1% in the third quarter. Callan Family Office LLC now owns 9,870 shares of the oil and gas company’s stock worth $1,157,000 after acquiring an additional 1,850 shares in the last quarter. Omega Financial Group LLC increased its stake in Exxon Mobil by 19.9% during the third quarter. Omega Financial Group LLC now owns 2,210 shares of the oil and gas company’s stock worth $259,000 after acquiring an additional 367 shares during the last quarter. Finally, Bangor Savings Bank raised its position in Exxon Mobil by 2.0% during the third quarter. Bangor Savings Bank now owns 25,523 shares of the oil and gas company’s stock valued at $2,992,000 after purchasing an additional 503 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $125.36 on Tuesday. The firm has a market capitalization of $494.30 billion, a P/E ratio of 15.36, a PEG ratio of 4.86 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $116.31 and a 200 day moving average price of $116.02.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $1.94 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on XOM shares. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Morgan Stanley reduced their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.18.

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.