Arrowroot Family Office LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Arrowroot Family Office LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,364 shares of the oil and gas company’s stock after selling 116 shares during the period. Arrowroot Family Office LLC’s holdings in Exxon Mobil were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Investment Advisory Services Inc. grew its stake in shares of Exxon Mobil by 1.9% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 27,628 shares of the oil and gas company’s stock valued at $3,239,000 after buying an additional 525 shares during the period. Beck Capital Management LLC grew its position in Exxon Mobil by 7.7% in the 3rd quarter. Beck Capital Management LLC now owns 12,997 shares of the oil and gas company’s stock valued at $1,523,000 after acquiring an additional 933 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Exxon Mobil by 1,494.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 492,735 shares of the oil and gas company’s stock worth $57,764,000 after buying an additional 461,828 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at $3,059,000. Finally, Paradigm Capital Management LLC NV acquired a new position in shares of Exxon Mobil during the third quarter worth about $1,643,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Barclays cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Up 0.3 %

Shares of Exxon Mobil stock opened at $117.96 on Monday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The business’s fifty day moving average is $119.76 and its two-hundred day moving average is $116.55. 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 firm has a market cap of $518.45 billion, a PE ratio of 14.69, a P/E/G ratio of 4.95 and a beta of 0.90.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company earned $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.36%. Exxon Mobil’s dividend payout ratio is 49.32%.

Exxon Mobil 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.