November 10, 2019 at 3:53 pm

Gamble Jones Investment Counsel Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

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Gamble Jones Investment Counsel reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 232,802 shares of the oil and gas company’s stock after selling 723 shares during the period. Exxon Mobil comprises approximately 1.4% of Gamble Jones Investment Counsel’s investment portfolio, making the stock its 15th largest position. Gamble Jones Investment Counsel’s holdings in Exxon Mobil were worth $16,438,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other institutional investors and hedge funds also recently modified their holdings of the stock. First Financial Bank Trust Division raised its holdings in Exxon Mobil by 0.4% in the second quarter. First Financial Bank Trust Division now owns 88,888 shares of the oil and gas company’s stock worth $6,811,000 after buying an additional 347 shares during the last quarter. Boltwood Capital Management raised its holdings in Exxon Mobil by 0.6% in the second quarter. Boltwood Capital Management now owns 37,719 shares of the oil and gas company’s stock worth $2,890,000 after buying an additional 241 shares during the last quarter. Thomasville National Bank raised its holdings in Exxon Mobil by 3.0% in the second quarter. Thomasville National Bank now owns 65,913 shares of the oil and gas company’s stock worth $5,051,000 after buying an additional 1,938 shares during the last quarter. LVM Capital Management Ltd. MI raised its holdings in Exxon Mobil by 0.9% in the second quarter. LVM Capital Management Ltd. MI now owns 141,104 shares of the oil and gas company’s stock worth $10,813,000 after buying an additional 1,240 shares during the last quarter. Finally, Baystate Wealth Management LLC raised its holdings in Exxon Mobil by 2.2% in the second quarter. Baystate Wealth Management LLC now owns 15,706 shares of the oil and gas company’s stock worth $1,202,000 after buying an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Shares of XOM traded down $1.37 during mid-day trading on Friday, hitting $70.77. 11,673,915 shares of the company traded hands, compared to its average volume of 11,457,568. 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 has a 50-day moving average price of $69.60 and a two-hundred day moving average price of $72.99. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $83.49. The stock has a market cap of $309.25 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 2.79 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, beating the 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 firm had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Co. will post 2.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.92%. Exxon Mobil’s payout ratio is 70.59%.

XOM has been the subject of several recent analyst reports. Bank of America reaffirmed a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Friday, September 27th. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $76.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, BMO Capital Markets initiated coverage on shares of Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $78.91.

About Exxon Mobil

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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Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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