Crescent Sterling Ltd. Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Crescent Sterling Ltd. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,772 shares of the oil and gas company’s stock after selling 317 shares during the quarter. Exxon Mobil comprises about 2.9% of Crescent Sterling Ltd.’s holdings, making the stock its 11th largest position. Crescent Sterling Ltd.’s holdings in Exxon Mobil were worth $3,021,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in XOM. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil in the first quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter worth $39,000. Finally, POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% in the second 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 in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 3.0 %

XOM opened at $120.37 on Wednesday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The business has a 50 day simple moving average of $117.22 and a two-hundred day simple moving average of $116.43. The firm has a market capitalization of $474.62 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results 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 return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Wolfe Research started coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Sanford C. Bernstein lowered their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, BMO Capital Markets increased their target price on shares of 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, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $131.88.

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.