Farr Miller & Washington LLC DC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 34.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,039 shares of the oil and gas company’s stock after selling 18,422 shares during the quarter. Farr Miller & Washington LLC DC’s holdings in Exxon Mobil were worth $1,203,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Morgan Stanley increased its position in Exxon Mobil by 18.6% in the 1st quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock worth $779,653,000 after purchasing an additional 3,223,089 shares during the last quarter. Bank of Montreal Can increased its position in Exxon Mobil by 31.1% in the 2nd quarter. Bank of Montreal Can now owns 5,654,290 shares of the oil and gas company’s stock worth $233,862,000 after purchasing an additional 1,341,494 shares during the last quarter. Nordea Investment Management AB increased its position in Exxon Mobil by 83.7% in the 2nd quarter. Nordea Investment Management AB now owns 2,870,374 shares of the oil and gas company’s stock worth $124,516,000 after purchasing an additional 1,308,232 shares during the last quarter. Ensign Peak Advisors Inc increased its position in Exxon Mobil by 51.2% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,513,497 shares of the oil and gas company’s stock worth $157,124,000 after purchasing an additional 1,190,327 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in Exxon Mobil by 42.6% in the 2nd quarter. TD Asset Management Inc. now owns 3,644,730 shares of the oil and gas company’s stock worth $162,992,000 after purchasing an additional 1,088,552 shares during the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE XOM opened at $39.67 on Monday. The business’s 50 day moving average price is $35.13 and its two-hundred day moving average price is $40.60. The company has a market cap of $169.93 billion, a PE ratio of 23.92 and a beta of 1.31. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $71.37.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Wednesday, November 4th. The oil and gas company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. The firm had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $48.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The business’s revenue was down 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 12th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend is Tuesday, November 10th. Exxon Mobil’s payout ratio is 154.67%.
Several brokerages have weighed in on XOM. Scotiabank raised Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 target price on the stock in a research report on Wednesday, September 23rd. Truist reissued a “hold” rating and set a $39.00 price objective (up previously from $36.00) on shares of Exxon Mobil in a report on Monday, November 16th. Standpoint Research raised Exxon Mobil from a “hold” rating to a “buy” rating in a report on Friday, September 11th. Royal Bank of Canada increased their price objective on Exxon Mobil from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Monday, August 3rd. Finally, Credit Suisse Group lowered their price objective on Exxon Mobil from $47.00 to $37.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and three have issued a buy rating to the company. Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $47.61.
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.
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