Yacktman Asset Management LP Trims Position in Exxon Mobil Co. (NYSE:XOM)

Yacktman Asset Management LP decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 85.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,400 shares of the oil and gas company’s stock after selling 138,085 shares during the quarter. Yacktman Asset Management LP’s holdings in Exxon Mobil were worth $2,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC boosted its position in Exxon Mobil by 360.0% during the 2nd 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 in the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC raised its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on XOM. Truist Financial dropped their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. The Goldman Sachs Group upped their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Mizuho increased their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Barclays dropped their price objective 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, UBS Group decreased their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Trading Up 0.3 %

Shares of NYSE:XOM opened at $118.96 on Wednesday. The company has a market cap of $469.06 billion, a P/E ratio of 14.81, a PEG ratio of 4.79 and a beta of 0.90. The stock’s fifty day moving average price is $117.69 and its 200-day moving average price is $116.33. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. 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) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during 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 firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.99 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. 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. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

About Exxon Mobil

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.