Guidance Capital Inc. Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Guidance Capital Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,599 shares of the oil and gas company’s stock after selling 308 shares during the period. Guidance Capital Inc.’s holdings in Exxon Mobil were worth $1,512,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the first quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC raised its holdings in Exxon Mobil by 360.0% during 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 position in Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC boosted its position 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 worth $43,000 after purchasing an additional 340 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $119.60 on Friday. The stock has a market capitalization of $471.58 billion, a P/E ratio of 14.66, a PEG ratio of 5.02 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $117.49 and its 200 day moving average price is $116.49. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. BMO Capital Markets lifted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $129.00 to $145.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

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.