Papp L Roy & Associates lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,570 shares of the oil and gas company’s stock after selling 5,573 shares during the quarter. Papp L Roy & Associates’ holdings in Exxon Mobil were worth $3,076,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Lakeview Capital Partners LLC raised its position in Exxon Mobil by 52.4% in the 3rd quarter. Lakeview Capital Partners LLC now owns 29,979 shares of the oil and gas company’s stock valued at $2,117,000 after purchasing an additional 10,305 shares during the last quarter. Karp Capital Management Corp raised its position in Exxon Mobil by 3.1% in the 3rd quarter. Karp Capital Management Corp now owns 23,242 shares of the oil and gas company’s stock valued at $1,641,000 after purchasing an additional 705 shares during the last quarter. Eagle Asset Management Inc. raised its position in Exxon Mobil by 6.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 98,816 shares of the oil and gas company’s stock valued at $6,977,000 after purchasing an additional 5,700 shares during the last quarter. Bourgeon Capital Management LLC purchased a new stake in Exxon Mobil in the 3rd quarter valued at $69,000. Finally, Heathbridge Capital Management Ltd. raised its position in Exxon Mobil by 11.8% in the 3rd quarter. Heathbridge Capital Management Ltd. now owns 8,550 shares of the oil and gas company’s stock valued at $604,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.
Exxon Mobil stock traded down $1.37 during trading hours on Friday, reaching $70.77. 11,673,915 shares of the stock were exchanged, compared to its average volume of 11,457,568. The stock has a market cap of $309.25 billion, a P/E ratio of 14.35, a P/E/G 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. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $83.49. The firm’s 50 day moving average is $69.60 and its 200 day moving average is $72.99.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The business had revenue of $65.05 billion for the quarter, compared to analysts’ expectations of $65.86 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 2.61 EPS 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 paid a dividend of $0.87 per share. The ex-dividend date 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 presently 70.59%.
Several analysts recently commented on XOM shares. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target for the company. in a research report on Monday, July 22nd. Bank of America reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research report on Friday, September 27th. Royal Bank of Canada reiterated a “neutral” rating and issued a $75.00 price target on shares of Exxon Mobil in a research report on Friday, November 1st. UBS Group cut their price objective on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. Finally, Independent Research set a $74.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Three 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 has an average rating of “Hold” and an average 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.
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