Paradigm Financial Advisors LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.2% in the third quarter, HoldingsChannel reports. The fund owned 19,055 shares of the oil and gas company’s stock after selling 1,475 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in Exxon Mobil were worth $1,345,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of XOM. Massey Quick Simon & CO. LLC raised its holdings in shares of Exxon Mobil by 121.2% in the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after buying an additional 183 shares during the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Exxon Mobil in the second quarter worth $26,000. Asset Planning Services Ltd. raised its holdings in shares of Exxon Mobil by 1,984.0% in the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after buying an additional 496 shares during the last quarter. Marquette Asset Management LLC raised its holdings in shares of Exxon Mobil by 35.0% in the third quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock worth $41,000 after buying an additional 150 shares during the last quarter. Finally, Evolution Wealth Advisors LLC purchased a new position in shares of Exxon Mobil in the second quarter worth $45,000. 54.39% of the stock is owned by institutional investors.
XOM has been the subject of a number of research analyst reports. Berenberg Bank reaffirmed a “neutral” rating and issued a $63.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Jefferies Financial Group reiterated a “neutral” rating and issued a $76.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. Barclays began coverage on shares of Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price objective on the stock. Royal Bank of Canada reiterated a “neutral” rating and issued a $75.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. Finally, UBS Group cut their price objective on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $78.91.
XOM stock traded down $1.37 during midday trading on Friday, hitting $70.77. 11,673,915 shares of the stock traded hands, compared to its average volume of 11,457,568. The firm has a market cap of $309.25 billion, a P/E ratio of 14.35, a PEG 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. The stock’s fifty day simple moving average is $69.60 and its 200-day simple moving average is $72.99. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year 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 the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The company had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The firm’s revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the business earned $0.82 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 2.61 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given 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 yield of 4.92%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
Exxon Mobil Company 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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