Eastern Bank lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 39.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,441 shares of the oil and gas company’s stock after selling 71,451 shares during the period. Eastern Bank’s holdings in Exxon Mobil were worth $7,798,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of XOM. 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. Hedge funds and other institutional investors own 54.39% of the company’s stock.
Shares of XOM traded down $2.16 during mid-day trading on Friday, reaching $70.85. 7,648,692 shares of the company were exchanged, compared to its average volume of 10,918,494. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $83.75. 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 14.37, a PEG ratio of 2.79 and a beta of 0.97. The business has a 50 day simple moving average of $69.63 and a two-hundred day simple moving average of $73.04.
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 4.91%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
Several analysts recently weighed in on the company. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $74.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a research note on Monday, July 22nd. Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $79.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. Finally, UBS Group cut their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus target price of $78.91.
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.
Further Reading: Rule of 72
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