Harmony Asset Management LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Harmony Asset Management LLC trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 15.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,859 shares of the oil and gas company’s stock after selling 4,986 shares during the period. Exxon Mobil makes up approximately 1.2% of Harmony Asset Management LLC’s investment portfolio, making the stock its 20th largest holding. Harmony Asset Management LLC’s holdings in Exxon Mobil were worth $3,266,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. FMR LLC grew its position in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after acquiring an additional 395,218 shares during the period. Bank of New York Mellon Corp raised its stake in Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Exxon Mobil by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock valued at $3,652,589,000 after buying an additional 146,374 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.1 %

NYSE:XOM opened at $117.85 on Tuesday. The firm has a market capitalization of $517.96 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 4.95 and a beta of 0.89. 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 Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The business’s 50-day moving average is $119.76 and its two-hundred day moving average is $116.55.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.27 EPS. Research analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company 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 dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.36%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on XOM shares. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Bank of America began 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. Redburn Atlantic restated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. TD Cowen increased their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil 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.