Optimum Investment Advisors Sells 763 Shares of Exxon Mobil Co. (NYSE:XOM)

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Optimum Investment Advisors lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,995 shares of the oil and gas company’s stock after selling 763 shares during the period. Optimum Investment Advisors’ holdings in Exxon Mobil were worth $1,200,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in XOM. Nuveen Asset Management LLC grew its position in shares of Exxon Mobil by 5,514.1% during the second quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock worth $1,737,358,000 after acquiring an additional 22,268,191 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Exxon Mobil by 0.9% during the second quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after acquiring an additional 2,953,857 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in Exxon Mobil by 7,471.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after buying an additional 1,748,402 shares in the last quarter. BlackRock Inc. grew its position in Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after buying an additional 1,069,038 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Exxon Mobil by 4.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock valued at $2,050,627,000 after buying an additional 1,057,308 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

Shares of NYSE XOM traded down $1.37 during mid-day trading on Friday, reaching $70.77. The company had a trading volume of 11,673,915 shares, compared to its average volume of 11,457,568. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $83.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The stock has a fifty day moving average of $69.60 and a two-hundred day moving average of $72.99. The company has a market capitalization of $309.25 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The company had revenue of $65.05 billion for the quarter, compared to the consensus estimate of $65.86 billion. During the same quarter last year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 2.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.87 per share. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a yield of 4.92%. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

XOM has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and decreased their target price for the company from $72.00 to $70.00 in a research report on Tuesday, August 6th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Friday, August 2nd. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research report on Monday, July 22nd. Finally, Royal Bank of Canada reiterated a “neutral” rating and issued a $75.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $78.91.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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