Exxon Mobil Co. (NYSE:XOM) Position Reduced by ORG Partners LLC

ORG Partners LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 44.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,982 shares of the oil and gas company’s stock after selling 31,577 shares during the quarter. ORG Partners LLC’s holdings in Exxon Mobil were worth $4,689,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Henrickson Nauta Wealth Advisors Inc. bought a new position in shares of Exxon Mobil in the 3rd quarter worth about $200,000. Boston Mountain Money Management Inc. lifted its position in shares of Exxon Mobil by 4.5% in the 3rd quarter. Boston Mountain Money Management Inc. now owns 4,533 shares of the oil and gas company’s stock worth $531,000 after buying an additional 197 shares during the last quarter. Elk River Wealth Management LLC lifted its position in shares of Exxon Mobil by 2.8% in the 3rd quarter. Elk River Wealth Management LLC now owns 72,151 shares of the oil and gas company’s stock worth $8,458,000 after buying an additional 1,970 shares during the last quarter. Constitution Capital LLC lifted its position in shares of Exxon Mobil by 11.4% in the 3rd quarter. Constitution Capital LLC now owns 4,345 shares of the oil and gas company’s stock worth $509,000 after buying an additional 445 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC lifted its position in shares of Exxon Mobil by 1.9% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 20,583 shares of the oil and gas company’s stock worth $2,413,000 after buying an additional 379 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.4 %

XOM traded up $0.44 on Monday, reaching $124.05. 1,765,648 shares of the company traded hands, compared to its average volume of 16,662,160. The stock’s 50 day moving average price is $116.90 and its 200-day moving average price is $116.34. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a market cap of $489.13 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 5.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.06%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Barclays cut their price objective 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, October 3rd. BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Truist Financial cut their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Mizuho lifted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Sanford C. Bernstein cut their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.88.

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.