Exxon Mobil Co. (NYSE:XOM) Stock Position Lessened by Riverstone Advisors LLC

Riverstone Advisors LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 29,791 shares of the oil and gas company’s stock after selling 172 shares during the quarter. Exxon Mobil comprises approximately 2.0% of Riverstone Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Riverstone Advisors LLC’s holdings in Exxon Mobil were worth $3,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after acquiring an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $980,210,000. International Assets Investment Management LLC lifted its stake in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares during the period. Capital International Investors lifted its stake in shares of Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.5 %

Shares of XOM stock opened at $120.47 on Tuesday. 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 firm has a market cap of $529.48 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. The company has a 50-day moving average of $117.91 and a two-hundred day moving average of $116.33. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34.

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, topping the consensus estimate of $1.91 by $0.01. The business 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 quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.29%. Exxon Mobil’s dividend payout ratio (DPR) is 47.32%.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

About Exxon Mobil

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.