Resources Management Corp CT ADV Sells 871 Shares of Exxon Mobil Co. (NYSE:XOM)

Resources Management Corp CT ADV reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,957 shares of the oil and gas company’s stock after selling 871 shares during the period. Exxon Mobil accounts for 0.9% of Resources Management Corp CT ADV’s portfolio, making the stock its 29th largest position. Resources Management Corp CT ADV’s holdings in Exxon Mobil were worth $6,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of XOM. Vertex Planning Partners LLC raised its position in shares of Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after buying an additional 83 shares during the last quarter. Etfidea LLC raised its position in shares of Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC raised its position in shares of Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after buying an additional 86 shares during the last quarter. Integral Investment Advisors Inc. raised its position in shares of Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after buying an additional 87 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of Exxon Mobil by 15.2% in 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 buying an additional 87 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.6 %

Shares of XOM stock opened at $112.92 on Tuesday. The company has a 50-day moving average of $119.68 and a two-hundred day moving average of $116.47. 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 1-year low of $95.77 and a 1-year high of $126.34. The firm has a market cap of $496.29 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 4.77 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed 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. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.51%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Barclays cut 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 report on Thursday, October 3rd. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target 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.