WESPAC Advisors SoCal LLC Sells 1,806 Shares of Exxon Mobil Co. (NYSE:XOM)

by · The Cerbat Gem

WESPAC Advisors SoCal LLC decreased its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 27.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,658 shares of the oil and gas company’s stock after selling 1,806 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Exxon Mobil were worth $546,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Veery Capital LLC grew its holdings in Exxon Mobil by 2.4% in the 3rd quarter. Veery Capital LLC now owns 5,010 shares of the oil and gas company’s stock worth $587,000 after acquiring an additional 119 shares during the last quarter. Kinsale Capital Group Inc. boosted its holdings in shares of Exxon Mobil by 17.2% during the third quarter. Kinsale Capital Group Inc. now owns 65,130 shares of the oil and gas company’s stock worth $7,635,000 after purchasing an additional 9,547 shares during the period. River Street Advisors LLC bought a new stake in shares of Exxon Mobil in the third quarter worth about $216,000. South Street Advisors LLC increased its holdings in Exxon Mobil by 70.4% during the 3rd quarter. South Street Advisors LLC now owns 9,727 shares of the oil and gas company’s stock valued at $1,140,000 after purchasing an additional 4,020 shares during the period. Finally, Heritage Investment Group Inc. raised its position in Exxon Mobil by 15.4% during the 3rd quarter. Heritage Investment Group Inc. now owns 11,011 shares of the oil and gas company’s stock valued at $1,291,000 after purchasing an additional 1,468 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Bank of America assumed coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Barclays cut their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, Morgan Stanley cut their price objective on Exxon Mobil from $142.00 to $140.00 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Check Out Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $119.31 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm’s 50-day moving average is $118.49 and its 200 day moving average is $116.39. The stock has a market cap of $524.38 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 5.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s 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 anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.32%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

About Exxon Mobil

(Free Report)

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.

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