Crestwood Advisors Group LLC Has $15.08 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Crestwood Advisors Group LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,682 shares of the oil and gas company’s stock after selling 4,142 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Exxon Mobil were worth $15,084,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil in the first quarter worth $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC grew its holdings in shares of 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 valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC grew its holdings 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 valued at $43,000 after buying an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $118.96 on Wednesday. The company has a 50 day moving average of $117.69 and a 200 day moving average of $116.33. The stock has a market cap of $469.06 billion, a P/E ratio of 14.81, a P/E/G ratio of 4.79 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the company earned $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.99 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Analysts Set New Price Targets

XOM has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday. 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 report on Friday, September 27th. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. UBS Group dropped 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. Finally, Redburn Atlantic reissued a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have issued 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 a consensus target price of $129.95.

Exxon Mobil Company 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.