Cim Investment Management Inc. Sells 245 Shares of Exxon Mobil Co. (NYSE:XOM)

Cim Investment Management Inc. lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,037 shares of the oil and gas company’s stock after selling 245 shares during the period. Cim Investment Management Inc.’s holdings in Exxon Mobil were worth $942,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fairway Wealth LLC acquired a new position in Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC increased its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil during the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC boosted its stake in 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 last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the second quarter valued at approximately $46,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM traded down $0.29 during mid-day trading on Thursday, reaching $111.63. 1,159,948 shares of the company’s stock were exchanged, compared to its average volume of 16,252,801. 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 quick ratio of 1.01 and a current ratio of 1.35. The business’s fifty day simple moving average is $119.34 and its two-hundred day simple moving average is $116.43. The firm has a market capitalization of $490.63 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 4.74 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping 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 net margin of 9.61% and a return on equity of 14.73%. The business’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 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.55%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on XOM shares. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

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.