Acropolis Investment Management LLC Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Acropolis Investment Management LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 1.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 28,935 shares of the oil and gas company’s stock after selling 456 shares during the period. Acropolis Investment Management LLC’s holdings in Exxon Mobil were worth $3,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in XOM. Massachusetts Financial Services Co. MA grew its holdings in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after purchasing an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Exxon Mobil in the second quarter worth approximately $980,210,000. International Assets Investment Management LLC grew its holdings in shares of Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after purchasing an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $117.96 on Friday. The stock has a 50-day moving average price of $119.76 and a 200-day moving average price of $116.57. 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 firm has a market cap of $518.45 billion, a PE ratio of 14.69, a P/E/G ratio of 4.94 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.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.27 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.94 earnings per share 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. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Analysts Set New Price Targets

Several analysts recently weighed in on XOM shares. 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. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Mizuho lifted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a report on Wednesday, October 9th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil 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.