Front Barnett Associates LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,335 shares of the oil and gas company’s stock after selling 157 shares during the quarter. Front Barnett Associates LLC’s holdings in Exxon Mobil were worth $730,000 at the end of the most recent reporting period.
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Other hedge funds also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC grew its position in shares of Exxon Mobil by 121.2% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 183 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth about $26,000. Candriam Luxembourg S.C.A. grew its position in shares of Exxon Mobil by 48.5% during the third quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 164,241 shares in the last quarter. Asset Planning Services Ltd. grew its position in shares of Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 496 shares in the last quarter. Finally, Marquette Asset Management LLC grew its position in shares of Exxon Mobil by 35.0% during the third quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.
XOM traded up $0.69 during trading on Friday, hitting $69.19. 10,678,998 shares of the stock were exchanged, compared to its average volume of 12,147,842. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $83.49. The firm has a 50 day simple moving average of $69.32 and a 200 day simple moving average of $72.61. The firm has a market cap of $289.83 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 2.56 and a beta of 0.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The business had revenue of $65.05 billion for the quarter, compared to the consensus estimate of $65.86 billion. During the same period last year, the business posted $0.82 EPS. The business’s revenue was down 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 2.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a $0.87 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.03%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
Several analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $79.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. Berenberg Bank restated a “neutral” rating and set a $63.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target for the company. in a report on Monday, July 22nd. Royal Bank of Canada restated a “neutral” rating and set a $75.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Finally, Bank of America restated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a report on Friday, September 27th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $78.91.
Exxon Mobil 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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