New England Research & Management Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 25,261 shares of the oil and gas company’s stock after selling 200 shares during the period. Exxon Mobil makes up about 1.3% of New England Research & Management Inc.’s investment portfolio, making the stock its 15th largest position. New England Research & Management Inc.’s holdings in Exxon Mobil were worth $1,784,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other institutional investors have also bought and sold shares of XOM. Vanguard Group Inc. boosted its holdings in shares of Exxon Mobil by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after purchasing an additional 2,953,857 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after purchasing an additional 1,069,038 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Exxon Mobil by 0.5% in the 2nd quarter. Northern Trust Corp now owns 57,794,339 shares of the oil and gas company’s stock worth $4,428,779,000 after purchasing an additional 305,219 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 4.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock worth $2,050,627,000 after purchasing an additional 1,057,308 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Exxon Mobil by 5,514.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock worth $1,737,358,000 after purchasing an additional 22,268,191 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.
A number of research firms have recently issued reports on XOM. Berenberg Bank reiterated a “neutral” rating and issued a $63.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Royal Bank of Canada restated a “neutral” rating and set a $75.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a report on Monday, July 22nd. Bank of America restated a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a report on Friday, September 27th. Finally, Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, August 2nd. Three research 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. The stock currently has an average rating of “Hold” and an average target price of $78.91.
XOM traded down $1.37 during midday trading on Friday, reaching $70.77. 11,673,915 shares of the company’s stock traded hands, compared to its average volume of 11,457,568. The firm has a fifty day moving average of $69.60 and a two-hundred day moving average of $72.99. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $83.49.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The business had revenue of $65.05 billion during the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. Exxon Mobil’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 2.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Friday, November 8th. Exxon Mobil’s payout ratio is 70.59%.
Exxon Mobil 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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