Lucia Wealth Services LLC trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,934 shares of the oil and gas company’s stock after selling 500 shares during the quarter. Lucia Wealth Services LLC’s holdings in Exxon Mobil were worth $204,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC increased its holdings in Exxon Mobil by 2,790.7% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 1,200 shares in the last quarter. Avondale Wealth Management boosted its position in shares of Exxon Mobil by 58.6% during the 3rd 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 in the last quarter. Barnett & Company Inc. boosted its position in shares of Exxon Mobil by 45.3% during the 2nd 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 in the last quarter. Exchange Traded Concepts LLC boosted its holdings 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 worth $95,000 after acquiring an additional 2,029 shares in the last quarter. Finally, Moisand Fitzgerald Tamayo LLC boosted its holdings 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 worth $110,000 after acquiring an additional 820 shares in the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.
Several research analysts have issued reports on XOM shares. Truist reiterated a “hold” rating and issued a $39.00 price target (up previously from $36.00) on shares of Exxon Mobil in a report on Monday. Scotiabank raised Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 price target for the company in a research report on Wednesday, September 23rd. The Goldman Sachs Group raised Exxon Mobil from a “sell” rating to a “neutral” rating and increased their price target for the company from $33.00 to $36.00 in a research report on Tuesday, October 13th. Raymond James reaffirmed a “sell” rating on shares of Exxon Mobil in a research report on Friday, September 18th. Finally, Royal Bank of Canada raised their target price on Exxon Mobil from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have issued a buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and an average price target of $49.08.
Shares of XOM traded down $0.73 during mid-day trading on Tuesday, reaching $37.43. The company had a trading volume of 189,174 shares, compared to its average volume of 28,910,871. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. The firm has a 50-day moving average price of $34.05 and a 200 day moving average price 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 market capitalization of $161.35 billion, a price-to-earnings ratio of 22.71 and a beta of 1.31.
Exxon Mobil (NYSE:XOM) last issued its quarterly 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 previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was down 29.0% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Co. will post -0.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 12th will be given a $0.87 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $3.48 annualized dividend and a yield of 9.30%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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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