Exxon Mobil Co. (NYSE:XOM) Position Cut by Barber Financial Group Inc.

Barber Financial Group Inc. trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 24.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,515 shares of the oil and gas company’s stock after selling 1,740 shares during the quarter. Barber Financial Group Inc.’s holdings in Exxon Mobil were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of XOM. Sigma Investment Counselors Inc. boosted its position in Exxon Mobil by 0.4% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock worth $2,745,000 after acquiring an additional 142 shares during the period. Riverstone Advisors LLC boosted its position in Exxon Mobil by 0.5% during the 2nd quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock worth $2,349,000 after acquiring an additional 142 shares during the period. Alpha Windward LLC boosted its position in Exxon Mobil by 3.1% during the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock worth $364,000 after acquiring an additional 144 shares during the period. Saratoga Research & Investment Management boosted its position in Exxon Mobil by 4.1% during the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 145 shares during the period. Finally, Jupiter Wealth Management LLC boosted its position in Exxon Mobil by 0.4% during the 2nd quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock worth $3,073,000 after acquiring an additional 145 shares during the period. Institutional investors own 54.39% of the company’s stock.

Shares of Exxon Mobil stock opened at $68.80 on Thursday. The firm has a market cap of $299.44 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 2.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.50. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $83.49. The stock has a 50-day simple moving average of $69.42 and a 200-day simple moving average of $72.74.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The business had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The firm’s revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 2.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $0.87 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a yield of 5.06%. Exxon Mobil’s dividend payout ratio (DPR) is currently 70.59%.

A number of equities research analysts have commented on the company. Royal Bank of Canada restated a “neutral” rating and set a $75.00 price objective on shares of Exxon Mobil in a research report on Friday, November 1st. Berenberg Bank restated a “neutral” rating and set a $63.00 price objective on shares of Exxon Mobil in a research report on Friday, November 1st. JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price objective on shares of Exxon Mobil in a research report on Friday, November 1st. Goldman Sachs Group restated a “neutral” rating and set a $74.00 price objective on shares of Exxon Mobil in a research report on Friday, November 1st. Finally, Morgan Stanley decreased their price objective on Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $78.91.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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