Turtle Creek Wealth Advisors LLC Sells 861 Shares of Exxon Mobil Co. (NYSE:XOM)

by · The Cerbat Gem

Turtle Creek Wealth Advisors LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,460 shares of the oil and gas company’s stock after selling 861 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Exxon Mobil were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WFA Asset Management Corp grew its stake in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $933,000. Empowered Funds LLC increased its position in Exxon Mobil by 5.6% during the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after purchasing an additional 49,083 shares during the period. M&G Plc bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $2,185,000. Finally, Mizuho Markets Americas LLC raised its stake in Exxon Mobil by 140.6% in the first quarter. Mizuho Markets Americas LLC now owns 100,360 shares of the oil and gas company’s stock worth $11,666,000 after buying an additional 58,649 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. TD Cowen dropped their price target on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Mizuho increased their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

Read Our Latest Research Report on XOM

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $1.25 during midday trading on Friday, reaching $119.31. The stock had a trading volume of 19,051,713 shares, compared to its average volume of 16,335,525. The company has a market capitalization of $524.38 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 5.09 and a beta of 0.90. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a 50-day moving average of $118.49 and a 200-day moving average of $116.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced 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 of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.32%. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Exxon Mobil Company Profile

(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.

Further Reading

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