Exxon Mobil Co. (NYSE:XOM) Stock Position Cut by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,272 shares of the oil and gas company’s stock after selling 443 shares during the quarter. Exxon Mobil comprises 2.3% of Jeppson Wealth Management LLC’s portfolio, making the stock its 6th largest position. Jeppson Wealth Management LLC’s holdings in Exxon Mobil were worth $6,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Everhart Financial Group Inc. raised its position in shares of Exxon Mobil by 9.7% in the 3rd quarter. Everhart Financial Group Inc. now owns 32,317 shares of the oil and gas company’s stock worth $3,788,000 after acquiring an additional 2,864 shares in the last quarter. WCM Investment Management LLC boosted its position in shares of Exxon Mobil by 29.6% during the third quarter. WCM Investment Management LLC now owns 29,440 shares of the oil and gas company’s stock valued at $3,410,000 after purchasing an additional 6,724 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Exxon Mobil by 7.0% in the third quarter. Nations Financial Group Inc. IA ADV now owns 118,475 shares of the oil and gas company’s stock worth $13,888,000 after purchasing an additional 7,734 shares during the period. tru Independence LLC raised its holdings in Exxon Mobil by 15.9% in the third quarter. tru Independence LLC now owns 2,067 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 284 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Exxon Mobil by 2.7% during the third quarter. Venturi Wealth Management LLC now owns 52,575 shares of the oil and gas company’s stock valued at $6,163,000 after buying an additional 1,380 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. UBS Group reduced their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $120.35 on Wednesday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. 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 stock has a market cap of $528.95 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. The firm has a fifty day moving average price of $117.96 and a 200-day moving average price of $116.32.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business 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 company’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $2.27 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

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

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.