Marino Stram & Associates LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 77.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,362 shares of the oil and gas company’s stock after selling 43,691 shares during the quarter. Marino Stram & Associates LLC’s holdings in Exxon Mobil were worth $727,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Activest Wealth Management acquired a new stake in Exxon Mobil during the second quarter worth about $42,000. tru Independence LLC bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $43,000. Lion Street Advisors LLC bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $44,000. Baldrige Asset Management LLC bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $50,000. Finally, USA Financial Portformulas Corp bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $57,000. 51.66% of the stock is currently owned by institutional investors.
Shares of XOM stock opened at $63.48 on Thursday. Exxon Mobil Co. has a 12-month low of $37.97 and a 12-month high of $66.38. The firm has a market capitalization of $268.75 billion, a price-to-earnings ratio of -45.67, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The company has a quick ratio of 0.58, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average of $61.91 and a 200-day moving average of $59.90.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 10th. Investors of record on Friday, November 12th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 10th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.87. This represents a $3.52 dividend on an annualized basis and a yield of 5.55%. Exxon Mobil’s dividend payout ratio is presently -253.24%.
Several research analysts recently weighed in on XOM shares. Bank of America restated a “buy” rating and issued a $95.00 price objective on shares of Exxon Mobil in a research report on Monday, November 1st. DZ Bank cut shares of Exxon Mobil from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $67.00 to $62.50 in a research report on Tuesday, August 3rd. Exane BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a research report on Monday, October 11th. The Goldman Sachs Group set a $71.00 price objective on shares of Exxon Mobil in a research report on Monday, November 1st. Finally, Credit Suisse Group restated a “neutral” rating on shares of Exxon Mobil in a research report on Thursday, October 21st. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.94.
In related news, Director Michael J. Angelakis bought 5,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, November 3rd. The stock was purchased at an average cost of $64.00 per share, with a total value of $320,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by corporate insiders.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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