Sandy Spring Bank lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,308 shares of the oil and gas company’s stock after selling 1,252 shares during the period. Sandy Spring Bank’s holdings in Exxon Mobil were worth $3,650,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Evolution Wealth Advisors LLC grew its stake in shares of 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 buying an additional 1,200 shares during the last quarter. Avondale Wealth Management grew its stake in shares of Exxon Mobil by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 2,174 shares of the oil and gas company’s stock worth $75,000 after buying an additional 803 shares during the last quarter. Barnett & Company Inc. grew its stake in shares of Exxon Mobil by 45.3% in the 2nd quarter. Barnett & Company Inc. now owns 1,765 shares of the oil and gas company’s stock worth $79,000 after buying an additional 550 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Exxon Mobil by 2,029.0% during the 2nd 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 boosted its stake in Exxon Mobil by 34.5% during the 3rd 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. Institutional investors own 50.90% of the company’s stock.
Exxon Mobil stock traded down $0.21 during trading on Tuesday, reaching $37.95. The company had a trading volume of 280,872 shares, compared to its average volume of 28,910,871. Exxon Mobil Co. has a 52 week low of $30.11 and a 52 week high of $71.37. The firm’s 50-day simple moving average is $34.05 and its 200 day simple moving average is $40.93. The firm has a market capitalization of $161.35 billion, a price-to-earnings ratio of 22.71 and a beta of 1.31. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Wednesday, November 4th. The oil and gas company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.07. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $48.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. Exxon Mobil’s revenue for the quarter was down 29.0% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. On average, analysts predict that Exxon Mobil Co. will post -0.52 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $3.48 dividend on an annualized basis and a yield of 9.17%. Exxon Mobil’s dividend payout ratio is presently 154.67%.
XOM has been the topic of several recent analyst reports. MKM Partners initiated coverage on Exxon Mobil in a research note on Wednesday, September 9th. They set a “buy” rating and a $55.00 target price on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $37.00 target price on shares of Exxon Mobil in a research note on Friday, October 30th. Morgan Stanley cut their target price on Exxon Mobil from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Piper Sandler increased their target price on Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, SunTrust Banks initiated coverage on Exxon Mobil in a research note on Thursday, July 23rd. They set a “hold” rating and a $41.00 target price on the stock. Four research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $49.08.
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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