From MarketBeat:

Ropes Wealth Advisors LLC has reduced its holdings in Exxon Mobil Co. by 14.0%, owning 108,782 shares worth $12,791,000. Share buys and sells were also made by Horizons Wealth Management, First National Bank of Mount Dora Trust Investment Services, WMS Partners LLC, Gallagher Fiduciary Advisors LLC, and Thrivent Financial for Lutherans. Additionally, several research analysts have issued reports on Exxon Mobil’s stock, with an average rating of “Moderate Buy” and an average price target of $128.70.

Despite a number of research analysts issuing reports, shares of Exxon Mobil opened at $102.36, with a 50-day simple moving average of $103.01. Revenue for the third quarter was $90.76 billion, down 19.0% from the same quarter last year. Analysts predict that Exxon Mobil Co. will post 9.18 earnings per share for the current fiscal year. Additionally, the company recently declared a quarterly dividend, representing a yield of 3.71% and a dividend payout ratio of 37.74%.

In insider activity, Director Jeffrey W. Ubben acquired 250,000 shares of Exxon Mobil’s stock. Also, VP Leonard M. Fox sold 12,000 shares of the stock. Corporate insiders currently own 0.06% of the stock. Exxon Mobil Corporation’s core business is the exploration and production of crude oil and natural gas in the United States and internationally, operating through Upstream, Energy Products, Chemical Products, and Specialty Products segments.

Curious about what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Free Report). This instant news alert was generated using narrative science technology and financial data, reviewed by MarketBeat’s editorial team. Questions or comments? Contact [email protected].



Read more: Ropes Wealth Advisors LLC Sells 17,763 Shares of Exxon Mobil Co. (NYSE:XOM)