Integrated Advisors Network LLC lowered its position in Exxon Mobil Co. (NYSE:XOM) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,568 shares of the oil and gas company’s stock after selling 1,827 shares during the quarter. Integrated Advisors Network LLC’s holdings in Exxon Mobil were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Evolution Wealth Advisors LLC lifted its position in Exxon Mobil by 2,790.7% in the second quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock valued at $56,000 after purchasing an additional 1,200 shares during the last quarter. Avondale Wealth Management lifted its position in Exxon Mobil by 58.6% in the third quarter. Avondale Wealth Management now owns 2,174 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 803 shares during the last quarter. Barnett & Company Inc. lifted its position in Exxon Mobil by 45.3% in the second quarter. Barnett & Company Inc. now owns 1,765 shares of the oil and gas company’s stock valued at $79,000 after purchasing an additional 550 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Exxon Mobil by 2,029.0% in the second quarter. Exchange Traded Concepts LLC now owns 2,129 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 2,029 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC lifted its position in Exxon Mobil by 34.5% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 3,197 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 820 shares during the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on XOM shares. MKM Partners started coverage on Exxon Mobil in a research report on Wednesday, September 9th. They issued a “buy” rating and a $55.00 price objective for the company. Scotiabank upgraded Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price objective for the company in a research report on Wednesday, September 23rd. SunTrust Banks assumed coverage on Exxon Mobil in a report on Thursday, July 23rd. They set a “hold” rating and a $41.00 target price for the company. Truist restated a “hold” rating and set a $39.00 target price (up previously from $36.00) on shares of Exxon Mobil in a report on Monday. Finally, Royal Bank of Canada upped their target price on Exxon Mobil from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Monday, August 3rd. Four analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $49.08.
XOM stock traded down $0.21 during midday trading on Tuesday, hitting $37.95. The stock had a trading volume of 280,872 shares, compared to its average volume of 28,910,871. The firm has a market cap of $161.35 billion, a price-to-earnings ratio of 22.71 and a beta of 1.31. The business has a 50-day moving average of $34.05 and a two-hundred day moving average of $40.93. Exxon Mobil Co. has a 52-week low of $30.11 and a 52-week high of $71.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58.
Exxon Mobil (NYSE:XOM) last released its earnings results on Wednesday, November 4th. The oil and gas company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $48.36 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was down 29.0% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post -0.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 12th will be paid a $0.87 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 9.17%. Exxon Mobil’s dividend payout ratio is currently 154.67%.
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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