Exxon Mobil Co. (NYSE:XOM) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,013 shares of the oil and gas company’s stock after selling 2,651 shares during the period. Curi RMB Capital LLC’s holdings in Exxon Mobil were worth $3,518,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth $39,000. POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on XOM shares. The Goldman Sachs Group increased their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. BMO Capital Markets raised their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company increased their price target 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Up 0.1 %

XOM opened at $120.57 on Friday. The company has a market cap of $529.92 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 5.09 and a beta of 0.90. 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 Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a 50 day moving average price of $118.21 and a 200 day moving average price of $116.38.

Exxon Mobil (NYSE:XOM) last issued its 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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.28%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 47.32%.

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.