Ontario Teachers Pension Plan Board Sells 31,810 Shares of Exxon Mobil Co. (NYSE:XOM)

Ontario Teachers Pension Plan Board lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 82.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,787 shares of the oil and gas company’s stock after selling 31,810 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Exxon Mobil were worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in XOM. First Horizon Advisors Inc. grew its holdings in shares of Exxon Mobil by 4.0% in the third quarter. First Horizon Advisors Inc. now owns 293,537 shares of the oil and gas company’s stock valued at $34,409,000 after purchasing an additional 11,373 shares in the last quarter. Howe & Rusling Inc. lifted its position in Exxon Mobil by 3.5% during the third quarter. Howe & Rusling Inc. now owns 251,259 shares of the oil and gas company’s stock valued at $29,453,000 after purchasing an additional 8,570 shares during the last quarter. Briaud Financial Planning Inc grew its stake in shares of Exxon Mobil by 3.5% in the 3rd quarter. Briaud Financial Planning Inc now owns 14,022 shares of the oil and gas company’s stock worth $1,643,000 after buying an additional 475 shares in the last quarter. Commerce Bank increased its holdings in shares of Exxon Mobil by 1.5% in the 3rd quarter. Commerce Bank now owns 1,506,238 shares of the oil and gas company’s stock worth $176,561,000 after buying an additional 22,623 shares during the last quarter. Finally, MWA Asset Management raised its position in shares of Exxon Mobil by 1.5% during the 3rd quarter. MWA Asset Management now owns 21,666 shares of the oil and gas company’s stock valued at $2,540,000 after buying an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

Shares of NYSE XOM opened at $122.06 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $536.45 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The business has a fifty day moving average price of $119.18 and a 200 day moving average price of $116.51.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.24%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Analysts Set New Price Targets

XOM has been the subject of a number of recent research reports. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Wells Fargo & Company boosted 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. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. UBS Group cut their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, TD Cowen raised their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.