Global Retirement Partners LLC Has $9.53 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Global Retirement Partners LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 81,324 shares of the oil and gas company’s stock after selling 1,115 shares during the period. Global Retirement Partners LLC’s holdings in Exxon Mobil were worth $9,533,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. New Hampshire Trust grew its holdings in shares of Exxon Mobil by 11.6% in the 1st quarter. New Hampshire Trust now owns 55,065 shares of the oil and gas company’s stock worth $6,401,000 after purchasing an additional 5,716 shares during the last quarter. Collective Family Office LLC grew its stake in Exxon Mobil by 19.4% during the first quarter. Collective Family Office LLC now owns 2,492 shares of the oil and gas company’s stock worth $290,000 after buying an additional 405 shares during the last quarter. Stolper Co grew its stake in Exxon Mobil by 0.4% during the first quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock worth $2,768,000 after buying an additional 98 shares during the last quarter. Welch Group LLC increased its holdings in shares of Exxon Mobil by 1.9% during the first quarter. Welch Group LLC now owns 514,561 shares of the oil and gas company’s stock worth $59,813,000 after buying an additional 9,829 shares in the last quarter. Finally, MADDEN SECURITIES Corp raised its stake in shares of Exxon Mobil by 15.7% in the first quarter. MADDEN SECURITIES Corp now owns 22,745 shares of the oil and gas company’s stock valued at $2,644,000 after acquiring an additional 3,079 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM stock opened at $120.35 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $474.54 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The business’s fifty day moving average is $117.37 and its 200-day moving average is $116.49.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 3.16%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. Morgan Stanley cut their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 8th. Finally, BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $131.44.

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.