Fulton Breakefield Broenniman LLC Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Fulton Breakefield Broenniman LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,651 shares of the oil and gas company’s stock after selling 331 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Exxon Mobil were worth $2,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC raised its stake 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 worth $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC increased its holdings 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 valued at $43,000 after acquiring an additional 340 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.3 %

Shares of Exxon Mobil stock opened at $120.67 on Thursday. The stock has a market cap of $475.80 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The firm has a fifty day moving average price of $117.32 and a 200 day moving average price of $116.46. 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 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. Equities research analysts predict that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.15%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Barclays reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Sanford C. Bernstein lowered their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $131.88.

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.