British Airways Pensions Investment Management Ltd decreased its position in Exxon Mobil Co. (NYSE:XOM) by 15.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 298,595 shares of the oil and gas company’s stock after selling 55,441 shares during the quarter. Exxon Mobil makes up 0.9% of British Airways Pensions Investment Management Ltd’s portfolio, making the stock its 20th biggest position. British Airways Pensions Investment Management Ltd’s holdings in Exxon Mobil were worth $21,084,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Massey Quick Simon & CO. LLC increased its holdings 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 valued at $26,000 after acquiring an additional 183 shares in the last quarter. Krane Funds Advisors LLC bought a new position in shares of Exxon Mobil during the second quarter valued at $26,000. Candriam Luxembourg S.C.A. increased its holdings in Exxon Mobil by 48.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock worth $36,000 after buying an additional 164,241 shares in the last quarter. Asset Planning Services Ltd. increased its holdings in Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after buying an additional 496 shares in the last quarter. Finally, Marquette Asset Management LLC increased its holdings in Exxon Mobil by 35.0% in the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock worth $41,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.
Several research firms recently commented on XOM. Jefferies Financial Group reiterated a “neutral” rating and issued a $76.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. UBS Group reduced their price objective on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Barclays began coverage on Exxon Mobil in a report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price objective for the company. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $72.00 to $70.00 in a report on Tuesday, August 6th. Finally, Independent Research set a $74.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, August 29th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company’s stock. Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $78.91.
Shares of NYSE:XOM opened at $70.77 on Friday. The stock has a market capitalization of $309.25 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. 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’s 50-day simple moving average is $69.60 and its two-hundred day simple moving average is $72.99. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $83.49.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The business had revenue of $65.05 billion for the quarter, compared to analysts’ expectations of $65.86 billion. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 2.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $0.87 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.48 annualized dividend and a yield of 4.92%. Exxon Mobil’s payout ratio is 70.59%.
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.
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