Ifrah Financial Services Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,770 shares of the oil and gas company’s stock after selling 142 shares during the period. Ifrah Financial Services Inc.’s holdings in Exxon Mobil were worth $337,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC boosted its stake in Exxon Mobil by 121.2% in the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 183 shares in the last quarter. Krane Funds Advisors LLC acquired a new stake in Exxon Mobil in the second quarter valued at about $26,000. Candriam Luxembourg S.C.A. boosted its stake in Exxon Mobil by 48.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 164,241 shares in the last quarter. Asset Planning Services Ltd. boosted its stake in Exxon Mobil by 1,984.0% in the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 496 shares in the last quarter. Finally, Marquette Asset Management LLC boosted its stake in Exxon Mobil by 35.0% in the third quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 150 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors.
Shares of XOM traded down $1.37 during mid-day trading on Friday, reaching $70.77. 11,673,915 shares of the company were exchanged, compared to its average volume of 11,457,568. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $83.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. The stock has a market capitalization of $309.25 billion, a PE ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. The business has a 50 day simple moving average of $69.60 and a two-hundred day simple moving average of $72.99.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The company had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. During the same period last year, the company earned $0.82 earnings per share. The firm’s revenue was down 15.1% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 2.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.92%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
Several analysts recently weighed in on XOM shares. Bank of America reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research note on Friday, September 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. Royal Bank of Canada reiterated a “neutral” rating and issued a $75.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. BMO Capital Markets began coverage on Exxon Mobil in a research report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price for the company. Finally, Berenberg Bank reiterated a “neutral” rating and issued a $63.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $78.91.
About Exxon Mobil
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.
Further Reading: Rule of 72
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