Lodestone Wealth Management LLC Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Lodestone Wealth Management LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,144 shares of the oil and gas company’s stock after selling 108 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Exxon Mobil were worth $955,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil in the 1st quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC boosted its position in Exxon Mobil by 360.0% in 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 during the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the second quarter worth $39,000. Finally, POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 3.2 %

XOM stock opened at $118.61 on Tuesday. The company has a market cap of $467.68 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The stock’s 50 day simple moving average is $117.67 and its 200 day simple moving average is $116.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 8.01 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.34%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 45.45%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday. JPMorgan Chase & Co. lifted their target price on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.