Fortress Wealth Management Inc. Sells 324 Shares of Exxon Mobil Co. (NYSE:XOM)

Fortress Wealth Management Inc. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,395 shares of the oil and gas company’s stock after selling 324 shares during the period. Fortress Wealth Management Inc.’s holdings in Exxon Mobil were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of XOM. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil in the first quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC lifted its holdings in shares of Exxon Mobil by 918.9% during 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 last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on XOM. Redburn Atlantic restated a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Barclays reduced their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley cut their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $120.01 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a market cap of $473.20 billion, a PE ratio of 14.71, a P/E/G ratio of 5.02 and a beta of 0.89. The business has a 50 day moving average of $117.39 and a 200 day moving average of $116.49. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the company earned $1.94 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.