Exxon Mobil Co. (NYSE:XOM) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,822,421 shares of the oil and gas company’s stock after selling 27,659 shares during the quarter. King Luther Capital Management Corp’s holdings in Exxon Mobil were worth $213,624,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Cornerstone Advisors LLC boosted its position in Exxon Mobil by 7.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 264,427 shares of the oil and gas company’s stock valued at $30,996,000 after buying an additional 17,600 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in Exxon Mobil by 8.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 321,423 shares of the oil and gas company’s stock valued at $37,677,000 after buying an additional 24,138 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Exxon Mobil by 3.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 30,606 shares of the oil and gas company’s stock valued at $3,588,000 after buying an additional 1,146 shares during the last quarter. EagleClaw Capital Managment LLC boosted its position in Exxon Mobil by 2.6% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 5,910 shares of the oil and gas company’s stock valued at $693,000 after buying an additional 150 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Exxon Mobil by 4.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 293,537 shares of the oil and gas company’s stock valued at $34,409,000 after buying an additional 11,373 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $120.35 on Thursday. The stock has a market capitalization of $528.95 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 4.97 and a beta of 0.90. The business has a 50-day moving average of $118.96 and a 200-day moving average of $116.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. 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 posted $2.27 earnings per share. The business’s revenue was down .8% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. Exxon Mobil’s payout ratio is currently 49.32%.

Analysts Set New Price Targets

A number of research firms have weighed in on XOM. Wells Fargo & Company upped 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. JPMorgan Chase & Co. increased their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, November 4th. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $130.21.

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.