Cynosure Group LLC Sells 4,762 Shares of Exxon Mobil Co. (NYSE:XOM)

Cynosure Group LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 46.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,522 shares of the oil and gas company’s stock after selling 4,762 shares during the period. Cynosure Group LLC’s holdings in Exxon Mobil were worth $647,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of XOM. Hardy Reed LLC boosted its position in shares of Exxon Mobil by 4.7% during the third quarter. Hardy Reed LLC now owns 29,409 shares of the oil and gas company’s stock valued at $3,447,000 after buying an additional 1,318 shares during the last quarter. RBO & Co. LLC raised its position in Exxon Mobil by 0.3% in the third quarter. RBO & Co. LLC now owns 125,692 shares of the oil and gas company’s stock worth $14,734,000 after acquiring an additional 391 shares during the period. Townsquare Capital LLC increased its stake in shares of Exxon Mobil by 6.9% in the 3rd quarter. Townsquare Capital LLC now owns 250,040 shares of the oil and gas company’s stock worth $29,310,000 after purchasing an additional 16,100 shares in the last quarter. Baldwin Investment Management LLC increased its position in Exxon Mobil by 0.9% in the third quarter. Baldwin Investment Management LLC now owns 50,310 shares of the oil and gas company’s stock worth $5,897,000 after buying an additional 452 shares in the last quarter. Finally, Shum Financial Group Inc. bought a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $942,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.3 %

Shares of NYSE XOM opened at $117.66 on Thursday. The business’s 50 day moving average price is $119.67 and its 200-day moving average price is $116.57. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $517.13 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 5.04 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released 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 return on equity of 14.73% and a net margin of 9.61%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $2.27 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Bank of America began 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 on the stock. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Barclays dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Profile

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.