Exxon Mobil Co. (NYSE:XOM) Position Reduced by Elwood & Goetz Wealth Advisory Group LLC

Elwood & Goetz Wealth Advisory Group LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.6% during the third quarter, HoldingsChannel reports. The fund owned 1,842 shares of the oil and gas company’s stock after selling 290 shares during the quarter. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Exxon Mobil were worth $216,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil in the 1st quarter worth about $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC lifted its position in shares of 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 worth $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth about $39,000. Finally, POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XOM. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. UBS Group reduced their price target 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. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Mizuho lifted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Finally, Sanford C. Bernstein cut their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

Shares of XOM opened at $119.49 on Monday. The firm’s 50 day moving average is $117.54 and its 200-day moving average is $116.43. The stock has a market capitalization of $471.15 billion, a P/E ratio of 14.29, a P/E/G ratio of 5.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced 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 of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 45.45%.

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.