Birchcreek Wealth Management LLC Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Birchcreek Wealth Management LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 6.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,232 shares of the oil and gas company’s stock after selling 381 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Exxon Mobil were worth $613,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the second quarter valued at about $35,000. Anfield Capital Management LLC boosted its stake in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil in the second quarter worth $39,000. POM Investment Strategies LLC increased its position in shares of 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 worth $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of several recent analyst reports. BMO Capital Markets upped their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, November 4th. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Performance

NYSE:XOM opened at $119.35 on Friday. 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 capitalization of $524.56 billion, a PE ratio of 14.86, a P/E/G ratio of 5.09 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a fifty day moving average of $118.49 and a two-hundred day moving average of $116.40.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 7.95 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. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. Exxon Mobil’s payout ratio is currently 47.32%.

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.