Invesco Ltd. Cuts Position in Exxon Mobil Corporation $XOM

Invesco Ltd. decreased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,777,467 shares of the oil and gas company's stock after selling 1,526,173 shares during the quarter. Invesco Ltd. owned 0.39% of Exxon Mobil worth $1,808,611,000 at the end of the most recent quarter.

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Other institutional investors also recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new position in shares of Exxon Mobil during the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC boosted its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $38,000. Finally, Bare Financial Services Inc increased its holdings in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company's stock valued at $39,000 after acquiring an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays decreased their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a report on Friday, October 17th. They set an "overweight" rating and a $156.00 price objective on the stock. Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. UBS Group reaffirmed a "buy" rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Monday. Finally, Bank of America boosted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.67.

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Read Our Latest Analysis on Exxon Mobil

Exxon Mobil Stock Down 1.0%

Shares of NYSE:XOM opened at $115.44 on Wednesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $120.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market cap of $486.83 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.06 and a beta of 0.49. The firm has a fifty day moving average price of $114.96 and a 200 day moving average price of $111.49.

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Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.99. Exxon Mobil's payout ratio is 59.88%.

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.

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