Ifrah Financial Services Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,770 shares of the oil and gas company’s stock after selling 142 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Exxon Mobil were worth $337,000 at the end of the most recent quarter.
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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.
Several analysts recently issued reports on the company. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research report on Monday, July 22nd. BMO Capital Markets started coverage on Exxon Mobil in a report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price target for the company. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and cut their price target for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. 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, Barclays started coverage on Exxon Mobil in a report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price target for the company. 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.
Shares of XOM stock traded up $0.69 on Friday, reaching $69.19. 10,678,998 shares of the company’s stock were exchanged, compared to its average volume of 12,147,842. The company’s fifty day simple moving average is $69.32 and its 200 day simple moving average is $72.61. The stock has a market capitalization of $289.83 billion, a PE ratio of 14.03, a P/E/G ratio of 2.56 and a beta of 0.97. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $83.49. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, topping the 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 company 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. Exxon Mobil’s quarterly revenue was down 15.1% on a year-over-year basis. As a group, sell-side analysts predict 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%.
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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