Massachusetts Wealth Management Sells 1,375 Shares of Exxon Mobil Co. (NYSE:XOM)

Massachusetts Wealth Management lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,020 shares of the oil and gas company’s stock after selling 1,375 shares during the quarter. Exxon Mobil makes up approximately 2.7% of Massachusetts Wealth Management’s holdings, making the stock its 6th biggest holding. Massachusetts Wealth Management’s holdings in Exxon Mobil were worth $4,222,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC raised its stake in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC raised its stake in Exxon Mobil by 918.9% during the second 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 period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research reports. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, UBS Group decreased their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Trading Down 0.1 %

Shares of NYSE:XOM opened at $119.49 on Monday. The stock has a market capitalization of $471.15 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 5.00 and a beta of 0.89. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a 50 day moving average price of $117.54 and a 200 day moving average price of $116.43.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 45.45%.

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.