WealthTrust Axiom LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,922 shares of the oil and gas company’s stock after selling 481 shares during the quarter. WealthTrust Axiom LLC’s holdings in Exxon Mobil were worth $1,477,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sigma Investment Counselors Inc. boosted its stake in shares of Exxon Mobil by 0.4% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock valued at $2,745,000 after purchasing an additional 142 shares during the last quarter. Riverstone Advisors LLC boosted its stake in shares of Exxon Mobil by 0.5% in the 2nd quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock valued at $2,349,000 after purchasing an additional 142 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of Exxon Mobil by 3.1% in the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 144 shares during the last quarter. Saratoga Research & Investment Management boosted its stake in shares of Exxon Mobil by 4.1% in the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 145 shares during the last quarter. Finally, Jupiter Wealth Management LLC boosted its stake in shares of Exxon Mobil by 0.4% in the 2nd quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock valued at $3,073,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

XOM traded down $1.37 during 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. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $83.49. The business’s fifty day moving average price is $69.60 and its 200 day moving average price is $72.99. The company has a market cap of $309.25 billion, a P/E 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The firm had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The business’s revenue was down 15.1% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 2.61 EPS 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 paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Friday, November 8th. Exxon Mobil’s payout ratio is currently 70.59%.

Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research note on Monday, July 22nd. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Thursday, August 29th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $72.00 to $70.00 in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $79.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target 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.

Recommended Story: What is the definition of arbitrage?

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.