Shoker Investment Counsel Inc. Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

Shoker Investment Counsel Inc. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,528 shares of the oil and gas company’s stock after selling 296 shares during the quarter. Exxon Mobil accounts for about 1.4% of Shoker Investment Counsel Inc.’s investment portfolio, making the stock its 16th largest position. Shoker Investment Counsel Inc.’s holdings in Exxon Mobil were worth $4,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Patron Partners LLC raised its holdings in Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after acquiring an additional 2,564 shares during the period. Global Wealth Management Investment Advisory Inc. grew its position in shares of Exxon Mobil by 10.7% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after purchasing an additional 4,578 shares in the last quarter. YHB Investment Advisors Inc. raised its stake in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after purchasing an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after purchasing an additional 380,399 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock worth $111,392,000 after purchasing an additional 379,747 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Down 0.0 %

Shares of NYSE:XOM opened at $121.11 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50 day simple moving average of $117.91 and a two-hundred day simple moving average of $116.40. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a market capitalization of $532.29 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 5.07 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the company posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.27%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays lowered their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Wells Fargo & Company boosted their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus 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.