Cutler Investment Counsel LLC Has $14.56 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Cutler Investment Counsel LLC decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,192 shares of the oil and gas company’s stock after selling 3,432 shares during the quarter. Exxon Mobil comprises approximately 1.8% of Cutler Investment Counsel LLC’s holdings, making the stock its 17th largest position. Cutler Investment Counsel LLC’s holdings in Exxon Mobil were worth $14,558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Etfidea LLC increased its holdings in shares of Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after buying an additional 86 shares during the period. Integral Investment Advisors Inc. grew its holdings in Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after acquiring an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in shares of Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 87 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its holdings in shares of Exxon Mobil by 0.9% in the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after acquiring an additional 87 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.0 %

Exxon Mobil stock traded down $1.25 during mid-day trading on Friday, hitting $119.31. The company had a trading volume of 19,051,713 shares, compared to its average volume of 16,335,525. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock has a market cap of $524.38 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 5.09 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $118.49 and a 200 day moving average of $116.40.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.27 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.32%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 47.32%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on XOM shares. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Mizuho lifted their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

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.