Eudaimonia Partners LLC Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Eudaimonia Partners LLC trimmed its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 64.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,337 shares of the oil and gas company’s stock after selling 90,380 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of Eudaimonia Partners LLC’s portfolio, making the stock its 11th largest holding. Eudaimonia Partners LLC’s holdings in Exxon Mobil were worth $4,395,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XOM. Karp Capital Management Corp purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $28,000. Mine & Arao Wealth Creation & Management LLC. grew its stake in shares of Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 169 shares in the last quarter. Horizons Wealth Management acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $41,000. Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at about $44,000. Finally, Turim 21 Investimentos Ltda. grew its stake in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 396 shares in the last quarter. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.9 %

Shares of NYSE XOM opened at $113.81 on Wednesday. The company has a market cap of $468.70 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 12-month low of $71.39 and a 12-month high of $126.54. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. The stock’s 50 day simple moving average is $109.54 and its 200 day simple moving average is $101.20.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.57. The business had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The business’s revenue was up 51.9% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. Equities research analysts expect that Exxon Mobil Co. will post 13.92 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $3.64 annualized dividend and a yield of 3.20%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s payout ratio is presently 29.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XOM. Wells Fargo & Company increased their target price on Exxon Mobil from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, January 10th. Jefferies Financial Group upgraded Exxon Mobil from a “hold” rating to a “buy” rating and increased their target price for the company from $90.00 to $133.00 in a research note on Wednesday, October 19th. Credit Suisse Group raised their price objective on Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Mizuho upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $90.00 to $140.00 in a research note on Tuesday, January 10th. Finally, JPMorgan Chase & Co. raised their price objective on Exxon Mobil from $102.00 to $103.00 and gave the company an “overweight” rating in a research note on Tuesday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.35.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, October 31st. The stock was sold at an average price of $110.47, for a total transaction of $276,175.00. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $2,801,850.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by company insiders.

About Exxon Mobil

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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