Acorn Wealth Advisors LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 12.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,730 shares of the oil and gas company’s stock after purchasing an additional 538 shares during the period. Acorn Wealth Advisors LLC’s holdings in Exxon Mobil were worth $325,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Exxon Mobil by 0.9% in 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 acquiring an additional 2,953,857 shares in the last quarter. BlackRock Inc. boosted its stake in Exxon Mobil by 0.4% in 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 acquiring an additional 1,069,038 shares in the last quarter. Northern Trust Corp boosted its stake in Exxon Mobil by 0.5% in the second quarter. Northern Trust Corp now owns 57,794,339 shares of the oil and gas company’s stock valued at $4,428,779,000 after acquiring an additional 305,219 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Exxon Mobil by 4.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock valued at $2,050,627,000 after acquiring an additional 1,057,308 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Exxon Mobil by 5,514.1% in 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 acquiring an additional 22,268,191 shares in the last quarter. Hedge funds and other institutional investors own 54.51% of the company’s stock.
XOM has been the subject of several recent analyst reports. Goldman Sachs Group restated a “neutral” rating and issued a $74.00 target price on shares of Exxon Mobil in a research note on Friday, November 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. UBS Group decreased their price target on shares of Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and decreased their price target for the stock from $72.00 to $70.00 in a report on Tuesday, August 6th. Finally, Barclays started coverage on shares of Exxon Mobil in a report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the company’s stock. Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $79.00.
Shares of Exxon Mobil stock traded up $0.77 during trading on Wednesday, hitting $68.65. 11,049,475 shares of the company’s stock were exchanged, compared to its average volume of 11,482,383. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. The business has a 50-day simple moving average of $69.13 and a 200-day simple moving average of $71.77. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $83.49. The stock has a market capitalization of $288.27 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.67 and a beta of 0.99.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The firm had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The firm’s revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 2.54 earnings per share for the current fiscal 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 5.07%. Exxon Mobil’s dividend payout ratio is presently 70.59%.
In related news, VP Liam M. Mallon sold 32,287 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the sale, the vice president now owns 211,289 shares in the company, valued at $14,422,587.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.05% of the stock is currently owned by company insiders.
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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