WFA of San Diego LLC Sells 200 Shares of Exxon Mobil Co. (NYSE:XOM)

WFA of San Diego LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,807 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Exxon Mobil comprises approximately 1.1% of WFA of San Diego LLC’s investment portfolio, making the stock its 24th biggest position. WFA of San Diego LLC’s holdings in Exxon Mobil were worth $1,267,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. WFA Asset Management Corp lifted its holdings in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Exxon Mobil by 29.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 762 shares during the period. Austin Wealth Management LLC grew its position in shares of Exxon Mobil by 32.3% during the 1st quarter. Austin Wealth Management LLC now owns 6,680 shares of the oil and gas company’s stock worth $771,000 after purchasing an additional 1,629 shares in the last quarter. Invst LLC increased its holdings in shares of Exxon Mobil by 6.0% during the first quarter. Invst LLC now owns 11,163 shares of the oil and gas company’s stock worth $1,306,000 after purchasing an additional 636 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Exxon Mobil by 194.1% in the first quarter. Cetera Investment Advisers now owns 1,234,355 shares of the oil and gas company’s stock valued at $143,481,000 after buying an additional 814,635 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Royal Bank of Canada decreased their target price on shares of Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating on the stock in a report on Tuesday. TD Cowen upped their price target on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Bank of America began coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Performance

NYSE XOM opened at $117.66 on Thursday. The company has a market capitalization of $517.13 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 5.04 and a beta of 0.90. 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 twelve month low of $95.77 and a twelve month high of $126.34. The stock has a fifty day simple moving average of $119.67 and a 200 day simple moving average of $116.57.

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

Exxon Mobil Increases Dividend

The company 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 is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.37%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

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.