Nexus Investment Management Inc. decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 42.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,332 shares of the oil and gas company’s stock after selling 4,000 shares during the quarter. Nexus Investment Management Inc.’s holdings in Exxon Mobil were worth $376,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Massey Quick Simon & CO. LLC grew its stake in shares of Exxon Mobil by 121.2% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 183 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Exxon Mobil during the second quarter worth $26,000. Asset Planning Services Ltd. grew its stake in shares of Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares in the last quarter. INR Advisory Services LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth $43,000. Finally, Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the second quarter worth $45,000. Institutional investors and hedge funds own 54.42% of the company’s stock.
NYSE XOM traded up $0.56 during trading hours on Thursday, hitting $68.00. The company had a trading volume of 1,138,075 shares, compared to its average volume of 11,440,889. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $86.82. The company has a market cap of $287.80 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. The business has a 50 day moving average of $70.07 and a 200-day moving average of $74.77.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Exxon Mobil’s revenue for the quarter was down 6.0% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 3.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th were paid a $0.87 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 5.12%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
A number of brokerages recently commented on XOM. Morgan Stanley lowered their target price on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. UBS Group lowered their target price on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, August 23rd. BMO Capital Markets began coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They set a “market perform” rating and a $86.00 target price for the company. Finally, DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and lowered their target price for the stock from $72.00 to $70.00 in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $80.52.
About Exxon Mobil
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.
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