Exxon Mobil Co. (NYSE:XOM) Shares Sold by Boston Family Office LLC

Boston Family Office LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,280 shares of the oil and gas company’s stock after selling 576 shares during the quarter. Boston Family Office LLC’s holdings in Exxon Mobil were worth $3,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. WFA Asset Management Corp grew its holdings in Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $933,000. Earnest Partners LLC raised its position in shares of Exxon Mobil by 22.3% in the 1st quarter. Earnest Partners LLC now owns 22,910 shares of the oil and gas company’s stock valued at $2,663,000 after purchasing an additional 4,185 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Exxon Mobil by 29.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock valued at $390,000 after buying an additional 762 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its position in shares of Exxon Mobil by 1.8% during the first quarter. Icon Wealth Advisors LLC now owns 154,902 shares of the oil and gas company’s stock worth $18,006,000 after buying an additional 2,755 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $121.79 on Monday. The stock’s fifty day moving average is $119.39 and its 200-day moving average is $116.55. The firm has a market capitalization of $535.28 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 5.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a one year low of $95.77 and a one 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 for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the business posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 7.96 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. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.25%. Exxon Mobil’s payout ratio is 49.32%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Wolfe Research lifted their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $130.21.

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.