Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 49,465 shares of the oil and gas company’s stock after purchasing an additional 486 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Exxon Mobil were worth $2,910,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Exxon Mobil by 12.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 783,537 shares of the oil and gas company’s stock worth $49,426,000 after acquiring an additional 89,467 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Exxon Mobil by 1.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 39,050 shares of the oil and gas company’s stock worth $2,464,000 after acquiring an additional 650 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in Exxon Mobil by 1.7% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 48,069 shares of the oil and gas company’s stock worth $3,032,000 after acquiring an additional 793 shares during the last quarter. AGF Investments Inc. grew its holdings in Exxon Mobil by 17.6% in the 2nd quarter. AGF Investments Inc. now owns 1,065,358 shares of the oil and gas company’s stock worth $67,203,000 after acquiring an additional 159,078 shares during the last quarter. Finally, Andesa Financial Management Inc. grew its holdings in Exxon Mobil by 6.3% in the 2nd quarter. Andesa Financial Management Inc. now owns 9,658 shares of the oil and gas company’s stock worth $608,000 after acquiring an additional 570 shares during the last quarter. 51.71% of the stock is currently owned by institutional investors.
XOM has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 price target on shares of Exxon Mobil in a report on Monday, January 3rd. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “strong-buy” rating and set a $82.00 target price for the company in a research note on Thursday. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a report on Monday, October 11th. Barclays raised their price target on shares of Exxon Mobil from $71.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, December 8th. Finally, Jefferies Financial Group set a $59.00 price objective on Exxon Mobil in a research report on Wednesday, December 1st. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Hold” and a consensus target price of $66.98.
Shares of XOM stock traded up $1.01 on Friday, hitting $71.64. 620,428 shares of the stock traded hands, compared to its average volume of 27,903,494. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.58. The firm has a market cap of $303.29 billion, a price-to-earnings ratio of -51.69, a PEG ratio of 0.81 and a beta of 1.36. The firm has a 50 day simple moving average of $63.32 and a two-hundred day simple moving average of $60.37. Exxon Mobil Co. has a 52 week low of $44.29 and a 52 week high of $71.81.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Thursday, October 28th. The oil and gas company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.02. The company had revenue of $73.79 billion for the quarter, compared to the consensus estimate of $72.05 billion. Exxon Mobil had a negative net margin of 2.39% and a positive return on equity of 8.66%. Exxon Mobil’s revenue for the quarter was up 59.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.18) EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 5.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 10th. Investors of record on Friday, November 12th were paid a dividend of $0.88 per share. The ex-dividend date was Wednesday, November 10th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.87. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.91%. Exxon Mobil’s payout ratio is currently -253.24%.
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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