Forte Capital LLC ADV Has $2.03 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Forte Capital LLC ADV decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,316 shares of the oil and gas company’s stock after selling 295 shares during the quarter. Forte Capital LLC ADV’s holdings in Exxon Mobil were worth $2,030,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. WFA Asset Management Corp increased its holdings in Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Exxon Mobil in the first quarter valued at $933,000. GSA Capital Partners LLP bought a new position in shares of Exxon Mobil in the first quarter valued at about $891,000. Commerce Bank lifted its position in Exxon Mobil by 1.5% during the 1st quarter. Commerce Bank now owns 821,902 shares of the oil and gas company’s stock worth $95,538,000 after buying an additional 11,795 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Exxon Mobil by 9.4% during the 1st quarter. Rehmann Capital Advisory Group now owns 29,677 shares of the oil and gas company’s stock worth $3,450,000 after acquiring an additional 2,546 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of XOM stock opened at $121.15 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The firm has a fifty day moving average of $117.78 and a 200-day moving average of $116.36. The firm has a market capitalization of $477.70 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 4.96 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.97 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 47.32%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. UBS Group decreased their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.95.

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.