Parthenon LLC Sells 8,869 Shares of Exxon Mobil Corporation $XOM

Parthenon LLC lessened its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,077 shares of the oil and gas company’s stock after selling 8,869 shares during the quarter. Exxon Mobil comprises 2.2% of Parthenon LLC’s portfolio, making the stock its 13th largest holding. Parthenon LLC’s holdings in Exxon Mobil were worth $19,965,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in XOM. Westfuller Advisors LLC purchased a new position in shares of Exxon Mobil in the third quarter worth about $30,000. Clayton Financial Group LLC purchased a new stake in Exxon Mobil in the third quarter worth $40,000. TruNorth Capital Management LLC lifted its position in Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 335 shares during the period. Bare Financial Services Inc boosted its holdings in shares of Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in Exxon Mobil by 95.8% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on XOM shares. Jefferies Financial Group upped their price target on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Barclays lifted their target price on shares of Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup increased their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $131.84.

Exxon Mobil Trading Up 1.0%

NYSE:XOM opened at $134.93 on Monday. The firm has a 50 day moving average of $120.74 and a 200 day moving average of $115.29. The stock has a market capitalization of $569.03 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 8.62 and a beta of 0.37. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $135.98.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. During the same period in the previous year, the firm posted $1.92 earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.