Garland Capital Management Inc. lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,582 shares of the oil and gas company’s stock after selling 300 shares during the period. Exxon Mobil accounts for about 2.6% of Garland Capital Management Inc.’s investment portfolio, making the stock its 25th largest position. Garland Capital Management Inc.’s holdings in Exxon Mobil were worth $3,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in XOM. Nuveen Asset Management LLC raised its position in shares of Exxon Mobil by 5,514.1% during the second quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after buying an additional 22,268,191 shares during the last quarter. FMR LLC raised its position in shares of Exxon Mobil by 6.8% during the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after buying an additional 3,038,704 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Exxon Mobil by 0.9% during the second quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock valued at $26,639,953,000 after buying an additional 2,953,857 shares during the last quarter. Thoroughbred Financial Services LLC raised its position in shares of Exxon Mobil by 7,471.5% during the second quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after buying an additional 1,748,402 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Exxon Mobil by 0.4% during the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after buying an additional 1,069,038 shares during the last quarter. Hedge funds and other institutional investors own 54.42% of the company’s stock.
XOM has been the topic of several recent analyst reports. Independent Research set a $74.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target on the stock. in a research report on Monday, July 22nd. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a research report on Friday, August 2nd. Finally, Morgan Stanley reduced their price target on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $80.52.
In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is owned by insiders.
NYSE XOM traded up $0.80 on Thursday, hitting $68.24. 475,626 shares of the stock were exchanged, compared to its average volume of 11,440,889. 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 fifty day moving average price of $70.07 and a two-hundred day moving average price of $74.77. The firm has a market capitalization of $287.80 billion, a P/E ratio of 13.84, a P/E/G ratio of 2.04 and a beta of 0.99. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $86.82.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. Exxon Mobil’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 3.04 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.10%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.
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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