Invictus Private Wealth LLC Sells 5,801 Shares of Exxon Mobil Co. (NYSE:XOM)

Invictus Private Wealth LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,184 shares of the oil and gas company’s stock after selling 5,801 shares during the period. Exxon Mobil accounts for approximately 1.2% of Invictus Private Wealth LLC’s portfolio, making the stock its 19th biggest holding. Invictus Private Wealth LLC’s holdings in Exxon Mobil were worth $14,674,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC increased its stake in Exxon Mobil by 360.0% during the second 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 period. Fairscale Capital LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% in 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 period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $120.95 on Thursday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $117.78 and its 200-day moving average is $116.36. The firm has a market capitalization of $476.91 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 4.96 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.97 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 47.32%.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Truist Financial decreased their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. increased their target price on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Company 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.