Karp Capital Management Corp lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,242 shares of the oil and gas company’s stock after purchasing an additional 705 shares during the period. Karp Capital Management Corp’s holdings in Exxon Mobil were worth $1,641,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 2,953,857 shares during the period. BlackRock Inc. raised its holdings in 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 acquiring an additional 1,069,038 shares during the period. Northern Trust Corp raised its holdings in 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 acquiring an additional 305,219 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in 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 acquiring an additional 1,057,308 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in 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 acquiring an additional 22,268,191 shares during the period. 54.39% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Royal Bank of Canada reiterated a “neutral” rating and issued a $75.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a report on Monday, July 22nd. Morgan Stanley dropped their target price on shares of Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Bank of America reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a report on Friday, September 27th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $78.91.
Shares of NYSE:XOM traded down $1.37 on Friday, hitting $70.77. 11,673,915 shares of the company were exchanged, compared to its average volume of 11,457,568. The company’s 50 day moving average price is $69.60 and its two-hundred day moving average price is $72.99. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $83.49. 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 firm has a market capitalization of $309.25 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping 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 company had revenue of $65.05 billion for the quarter, compared to the consensus estimate of $65.86 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The business’s revenue was down 15.1% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 2.61 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.48 dividend on an annualized basis and a yield of 4.92%. Exxon Mobil’s payout ratio is currently 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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