Hobbs Group Advisors LLC Sells 161 Shares of Exxon Mobil Co. (NYSE:XOM)

Hobbs Group Advisors LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,263 shares of the oil and gas company’s stock after selling 161 shares during the period. Hobbs Group Advisors LLC’s holdings in Exxon Mobil were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Massachusetts Financial Services Co. MA raised its position in shares of Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after buying an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA acquired a new position in Exxon Mobil during the second quarter valued at approximately $980,210,000. International Assets Investment Management LLC raised its position in Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on XOM shares. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. TD Cowen boosted their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their target price on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Finally, Morgan Stanley decreased their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $112.68 on Wednesday. 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 stock has a market cap of $495.24 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 4.74 and a beta of 0.89. The company’s fifty day moving average is $119.68 and its 200 day moving average is $116.47. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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. 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 analyst estimates of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.51%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.