Carlson Capital Management Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Carlson Capital Management trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,429 shares of the oil and gas company’s stock after selling 190 shares during the period. Carlson Capital Management’s holdings in Exxon Mobil were worth $1,105,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of XOM. Fairway Wealth LLC bought a new stake in Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC lifted its stake 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 valued at $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil during the second quarter worth $39,000. POM Investment Strategies LLC lifted its holdings 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 acquiring an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the second quarter worth about $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. BMO Capital Markets boosted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Barclays lowered their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. One 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’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Stock Down 0.9 %

Shares of NYSE:XOM traded down $1.07 on Tuesday, hitting $118.90. 3,375,399 shares of the company’s stock were exchanged, compared to its average volume of 16,249,783. The company has a market capitalization of $522.58 billion, a PE ratio of 14.94, a P/E/G ratio of 5.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The firm’s 50-day moving average is $119.53 and its 200 day moving average is $116.56.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 earnings per share. Sell-side analysts predict that Exxon Mobil Co. will post 7.96 EPS for the current year.

Exxon Mobil Increases Dividend

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

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.