Exxon Mobil Co. (NYSE:XOM) Shares Sold by TCW Group Inc.

TCW Group Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 666,593 shares of the oil and gas company’s stock after selling 114,027 shares during the quarter. TCW Group Inc.’s holdings in Exxon Mobil were worth $78,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC raised its stake in shares of 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 worth $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth about $39,000. POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in Exxon Mobil in the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $112.68 on Wednesday. The firm’s fifty day simple moving average is $119.68 and its two-hundred day simple moving average is $116.47. 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 $495.24 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 4.74 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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, beating 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 firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was 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 3.51%. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. BMO Capital Markets upped their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, TD Cowen lifted their price target on Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.95.

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.