Lion Street Advisors LLC Sells 2,673 Shares of Exxon Mobil Co. (NYSE:XOM)

Lion Street Advisors LLC lessened its position in Exxon Mobil Co. (NYSE:XOM) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,501 shares of the oil and gas company’s stock after selling 2,673 shares during the period. Exxon Mobil accounts for 1.1% of Lion Street Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Lion Street Advisors LLC’s holdings in Exxon Mobil were worth $3,107,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XOM. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the 1st quarter worth $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC increased its position 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 period. Fairscale Capital LLC purchased a new stake in Exxon Mobil in the second quarter worth about $39,000. Finally, POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Morgan Stanley lowered their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. UBS Group reduced their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Wolfe Research started coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $132.61.

Exxon Mobil Stock Performance

XOM opened at $123.61 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a market capitalization of $487.40 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a fifty day moving average of $116.90 and a 200 day moving average of $116.32.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter last year, the business earned $1.94 earnings per share. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 45.45%.

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.