Fayerweather Charles reduced its position in Exxon Mobil Co. (NYSE:XOM) by 29.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,542 shares of the oil and gas company’s stock after selling 3,575 shares during the period. Fayerweather Charles’ holdings in Exxon Mobil were worth $603,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC raised its position in Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after buying an additional 183 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in Exxon Mobil during the 2nd quarter worth approximately $26,000. Candriam Luxembourg S.C.A. raised its position in Exxon Mobil by 48.5% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock worth $36,000 after buying an additional 164,241 shares during the last quarter. Asset Planning Services Ltd. raised its position in Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after buying an additional 496 shares during the last quarter. Finally, Marquette Asset Management LLC raised its position in Exxon Mobil by 35.0% during the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock worth $41,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.
Shares of XOM opened at $70.77 on Friday. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $83.49. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $69.60 and its two-hundred day moving average is $72.99. The stock has a market cap of $309.25 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.97.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The company had revenue of $65.05 billion for the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Co. will post 2.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a yield of 4.92%. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.
Several research firms have recently weighed in on XOM. BMO Capital Markets began coverage on shares of Exxon Mobil in a report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 target price for the company. Goldman Sachs Group reaffirmed a “neutral” rating and set a $74.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Royal Bank of Canada reaffirmed a “neutral” rating and set a $75.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Barclays began coverage on shares of Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price target on the stock. Finally, Berenberg Bank reissued a “neutral” rating and issued a $63.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $78.91.
Exxon Mobil Company Profile
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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