Harfst & Associates Inc. Cuts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Harfst & Associates Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,388 shares of the oil and gas company’s stock after selling 90 shares during the quarter. Harfst & Associates Inc.’s holdings in Exxon Mobil were worth $2,507,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of XOM. First Bancorp Inc ME lifted its stake in shares of Exxon Mobil by 1.6% in the 3rd quarter. First Bancorp Inc ME now owns 20,858 shares of the oil and gas company’s stock valued at $2,445,000 after purchasing an additional 335 shares during the last quarter. ST Germain D J Co. Inc. raised its holdings in Exxon Mobil by 1.7% during the 3rd quarter. ST Germain D J Co. Inc. now owns 164,976 shares of the oil and gas company’s stock valued at $19,339,000 after buying an additional 2,808 shares during the period. Schubert & Co boosted its stake in Exxon Mobil by 4.7% during the third quarter. Schubert & Co now owns 9,999 shares of the oil and gas company’s stock worth $1,172,000 after buying an additional 452 shares during the period. Raymond James & Associates lifted its holdings in shares of Exxon Mobil by 15.3% in the 3rd quarter. Raymond James & Associates now owns 4,815,002 shares of the oil and gas company’s stock worth $564,415,000 after acquiring an additional 638,822 shares during the last quarter. Finally, Moulton Wealth Management Inc. boosted its stake in shares of Exxon Mobil by 0.8% during the 3rd quarter. Moulton Wealth Management Inc. now owns 12,845 shares of the oil and gas company’s stock worth $1,603,000 after purchasing an additional 108 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Wells Fargo & Company increased their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. UBS Group dropped their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Morgan Stanley reduced their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Price Performance

NYSE XOM opened at $120.01 on Friday. The company has a market cap of $473.20 billion, a PE ratio of 14.71, a P/E/G ratio of 5.02 and a beta of 0.89. The firm’s 50 day moving average price is $117.39 and its 200-day moving average price is $116.49. 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 52-week low of $95.77 and a 52-week high of $126.34.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.