Genesee Capital Advisors LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,077 shares of the oil and gas company’s stock, valued at approximately $534,000.
A number of other institutional investors and hedge funds have also modified their holdings of XOM. Vanguard Group Inc. increased its holdings in shares of Exxon Mobil by 1.1% during the second quarter. Vanguard Group Inc. now owns 353,122,370 shares of the oil and gas company’s stock valued at $22,274,960,000 after acquiring an additional 3,683,303 shares in the last quarter. State Street Corp increased its holdings in shares of Exxon Mobil by 2.0% during the second quarter. State Street Corp now owns 252,449,984 shares of the oil and gas company’s stock valued at $15,924,545,000 after acquiring an additional 4,874,643 shares in the last quarter. FMR LLC increased its holdings in shares of Exxon Mobil by 7.2% during the second quarter. FMR LLC now owns 91,323,495 shares of the oil and gas company’s stock valued at $5,760,686,000 after acquiring an additional 6,141,561 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 3.7% during the second quarter. Geode Capital Management LLC now owns 65,477,448 shares of the oil and gas company’s stock valued at $4,118,459,000 after acquiring an additional 2,327,554 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Exxon Mobil by 7.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 30,192,630 shares of the oil and gas company’s stock valued at $1,904,553,000 after acquiring an additional 2,080,871 shares in the last quarter. 51.66% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. Credit Suisse Group restated a “neutral” rating on shares of Exxon Mobil in a report on Thursday, October 21st. Truist Securities downgraded Exxon Mobil from a “hold” rating to a “sell” rating and decreased their price target for the stock from $66.00 to $50.00 in a report on Tuesday, November 2nd. Bank of America reiterated a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a report on Monday, November 1st. Royal Bank of Canada set a $65.00 price target on Exxon Mobil in a report on Friday, October 29th. Finally, Exane BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price target for the company. in a report on Monday, October 11th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.94.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Thursday, October 28th. The oil and gas company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.02. Exxon Mobil had a positive return on equity of 8.66% and a negative net margin of 2.39%. The firm had revenue of $73.79 billion for the quarter, compared to analysts’ expectations of $72.05 billion. During the same quarter in the prior year, the firm earned ($0.18) EPS. The business’s revenue for the quarter was up 59.7% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 5.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 10th. Stockholders of record on Friday, November 12th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend is Wednesday, November 10th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.87. Exxon Mobil’s dividend payout ratio is currently -253.24%.
In related news, Director Michael J. Angelakis acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 3rd. The shares were acquired at an average price of $64.00 per share, with a total value of $320,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.05% of the stock is owned by corporate insiders.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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