Searle & CO. Sells 77,840 Shares of Exxon Mobil Co. (NYSE:XOM)

Searle & CO. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 50.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,130 shares of the oil and gas company’s stock after selling 77,840 shares during the period. Exxon Mobil comprises 2.2% of Searle & CO.’s investment portfolio, making the stock its 7th biggest position. Searle & CO.’s holdings in Exxon Mobil were worth $8,807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the second quarter valued at $35,000. Anfield Capital Management LLC raised 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 buying an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the second quarter worth approximately $39,000. Finally, POM Investment Strategies LLC increased its stake 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 purchasing an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on XOM. Morgan Stanley reduced their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. 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 research report on Friday, October 4th. Sanford C. Bernstein lowered 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. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company upped their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Stock Down 0.6 %

XOM opened at $119.60 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a market cap of $471.58 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The business’s fifty day moving average is $117.49 and its two-hundred day moving average is $116.49.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the company earned $1.94 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

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.