Sargent Investment Group LLC Sells 462 Shares of Exxon Mobil Co. (NYSE:XOM)

Sargent Investment Group LLC lowered its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,397 shares of the oil and gas company’s stock after selling 462 shares during the quarter. Sargent Investment Group LLC’s holdings in Exxon Mobil were worth $2,625,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Fairway Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter worth $39,000. POM Investment Strategies LLC raised its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth about $46,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.1 %

Exxon Mobil stock opened at $120.57 on Friday. The stock has a market cap of $529.92 billion, a P/E ratio of 15.01, a P/E/G ratio of 5.09 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $118.21 and its 200-day simple moving average is $116.38.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the business posted $2.27 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.28%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on XOM shares. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Mizuho lifted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. TD Cowen lowered their price target on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.95.

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.