Paloma Partners Management Co Sells 25,567 Shares of Exxon Mobil Co. (NYSE:XOM)

Paloma Partners Management Co decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,100 shares of the oil and gas company’s stock after selling 25,567 shares during the period. Paloma Partners Management Co’s holdings in Exxon Mobil were worth $13,609,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new position in shares of Exxon Mobil during the third quarter worth approximately $3,059,000. Paradigm Capital Management LLC NV acquired a new position in Exxon Mobil during the third quarter worth $1,643,000. FSA Wealth Management LLC bought a new position in shares of Exxon Mobil in the third quarter valued at $894,000. Lavaca Capital LLC grew its holdings in shares of Exxon Mobil by 0.4% during the third quarter. Lavaca Capital LLC now owns 53,996 shares of the oil and gas company’s stock valued at $6,329,000 after buying an additional 200 shares during the last quarter. Finally, B&L Asset Management LLC acquired a new position in shares of Exxon Mobil during the third quarter valued at about $1,110,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $117.96 on Monday. The firm has a market cap of $518.45 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 4.95 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 52 week low of $95.77 and a 52 week high of $126.34. The firm’s 50-day simple moving average is $119.76 and its two-hundred day simple moving average is $116.55.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.36%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on XOM shares. Royal Bank of Canada reduced their price objective on shares of Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Tuesday, November 26th. Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Mizuho lifted their price objective 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. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Finally, BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.