Alpha Omega Wealth Management LLC Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Alpha Omega Wealth Management LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 21,930 shares of the oil and gas company’s stock after selling 912 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Exxon Mobil were worth $2,571,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil in the 1st quarter worth about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter worth approximately $35,000. Anfield Capital Management LLC boosted its stake in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC raised its holdings in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $122.57 on Friday. The stock’s 50-day moving average is $116.16 and its two-hundred day moving average is $115.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market cap of $483.29 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released 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. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the business posted $1.94 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.10%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Morgan Stanley lowered their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Eight investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.44.

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.