Cary Street Partners Financial LLC lowered its position in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 5.4% in the third quarter, HoldingsChannel reports. The fund owned 124,442 shares of the oil and gas company’s stock after selling 7,168 shares during the period. Cary Street Partners Financial LLC’s holdings in Exxon Mobil were worth $14,031,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Ipsen Advisor Group LLC grew its position in Exxon Mobil by 1.6% in the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after purchasing an additional 88 shares in the last quarter. Nexus Investment Management ULC boosted its stake in shares of Exxon Mobil by 1.6% during the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after buying an additional 89 shares during the last quarter. Sagace Wealth Management LLC increased its position in shares of Exxon Mobil by 2.7% in the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after acquiring an additional 90 shares during the last quarter. Creative Capital Management Investments LLC raised its holdings in Exxon Mobil by 2.5% during the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after acquiring an additional 91 shares in the last quarter. Finally, Capstone Wealth Management LLC raised its holdings in Exxon Mobil by 3.8% during the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 92 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Trading Down 1.0%
XOM stock opened at $149.31 on Wednesday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $156.93. The stock has a market cap of $622.16 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 15.64 and a beta of 0.39. The company has a fifty day moving average price of $133.64 and a two-hundred day moving average price of $120.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 EPS. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s payout ratio is currently 61.58%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on XOM shares. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. UBS Group reissued a “buy” rating and issued a $171.00 target price on shares of Exxon Mobil in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective for the company. in a research report on Tuesday, February 3rd. Finally, Morgan Stanley lowered their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.59.
Check Out Our Latest Research Report on Exxon Mobil
More Exxon Mobil News
Here are the key news stories impacting Exxon Mobil this week:
Insider Activity at Exxon Mobil
In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares in the company, valued at approximately $3,295,864. This trade represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 14,230 shares of company stock valued at $1,888,421 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.
About Exxon Mobil
(Free Report)
Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.
ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.
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