Hourglass Capital LLC Sells 4,380 Shares of Exxon Mobil Co. (NYSE:XOM)

Hourglass Capital LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.4% during the third quarter, Holdings Channel reports. The firm owned 54,532 shares of the oil and gas company’s stock after selling 4,380 shares during the quarter. Exxon Mobil makes up approximately 1.8% of Hourglass Capital LLC’s portfolio, making the stock its 24th biggest position. Hourglass Capital LLC’s holdings in Exxon Mobil were worth $6,392,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XOM. WFA Asset Management Corp grew its stake in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $933,000. Empowered Funds LLC grew its position in shares of Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after buying an additional 49,083 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Exxon Mobil by 23.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 2,918,680 shares of the oil and gas company’s stock worth $339,267,000 after acquiring an additional 552,817 shares in the last quarter. Finally, Wilkins Investment Counsel Inc. lifted its position in Exxon Mobil by 176.3% during the 1st quarter. Wilkins Investment Counsel Inc. now owns 60,694 shares of the oil and gas company’s stock valued at $7,055,000 after acquiring an additional 38,729 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.1 %

Exxon Mobil stock opened at $120.57 on Friday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a fifty day moving average of $118.21 and a 200 day moving average of $116.38. 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 stock has a market cap of $529.92 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 5.09 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

Analyst Ratings Changes

A number of brokerages have weighed in on XOM. Morgan Stanley cut their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Wolfe Research boosted their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. The Goldman Sachs Group raised their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, Mizuho upped their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently 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.