Exxon Mobil Co. (NYSE:XOM) Stock Position Reduced by Audent Global Asset Management LLC

Audent Global Asset Management LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 63.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,431 shares of the oil and gas company’s stock after selling 4,266 shares during the period. Audent Global Asset Management LLC’s holdings in Exxon Mobil were worth $285,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in Exxon Mobil during the 3rd quarter worth approximately $3,059,000. Paradigm Capital Management LLC NV acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $1,643,000. FSA Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $894,000. Lavaca Capital LLC raised its position in shares of Exxon Mobil by 0.4% during the 3rd quarter. Lavaca Capital LLC now owns 53,996 shares of the oil and gas company’s stock worth $6,329,000 after purchasing an additional 200 shares during the period. Finally, B&L Asset Management LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $1,110,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. BNP Paribas cut 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. Truist Financial dropped their price target on 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 raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Royal Bank of Canada lowered their target price on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Up 0.3 %

Shares of XOM stock opened at $117.96 on Monday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a market cap of $518.45 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The business’s fifty day moving average is $119.76 and its 200-day moving average is $116.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm earned $2.27 EPS. Equities analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.36%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.