Chevy Chase Trust Holdings Inc. lessened its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,663,342 shares of the oil and gas company’s stock after selling 4,848 shares during the quarter. Exxon Mobil makes up about 1.1% of Chevy Chase Trust Holdings Inc.’s investment portfolio, making the stock its 14th largest holding. Chevy Chase Trust Holdings Inc. owned about 0.09% of Exxon Mobil worth $258,668,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Canandaigua National Bank & Trust Co. boosted its holdings in Exxon Mobil by 1.3% in the second quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock worth $20,116,000 after purchasing an additional 3,357 shares during the period. Krueger & Catalano Capital Partners LLC boosted its holdings in shares of Exxon Mobil by 61.2% during the second quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock valued at $913,000 after acquiring an additional 4,525 shares during the period. Financial Advisory Service Inc. boosted its holdings in shares of Exxon Mobil by 15.0% during the third quarter. Financial Advisory Service Inc. now owns 26,388 shares of the oil and gas company’s stock valued at $1,863,000 after acquiring an additional 3,439 shares during the period. Mount Vernon Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 83.4% during the second quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock valued at $1,029,000 after acquiring an additional 6,103 shares during the period. Finally, Alpha Cubed Investments LLC boosted its holdings in shares of Exxon Mobil by 2.0% during the second quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock valued at $19,158,000 after acquiring an additional 4,922 shares during the period. 54.51% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE XOM traded up $0.77 during midday trading on Wednesday, reaching $68.65. 11,049,475 shares of the company traded hands, compared to its average volume of 11,482,383. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $83.49. The stock has a 50-day moving average price of $69.13 and a 200 day moving average price of $71.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 0.50. The company has a market cap 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 quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The business had revenue of $65.05 billion for the quarter, compared to analysts’ expectations of $65.86 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue was down 15.1% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 2.54 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 $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 5.07%. The ex-dividend date is Friday, November 8th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.
In other Exxon Mobil news, VP Liam M. Mallon sold 32,287 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total value of $2,203,910.62. Following the sale, the vice president now directly owns 211,289 shares in the company, valued at $14,422,587.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by insiders.
Several equities analysts have recently issued reports on XOM shares. BMO Capital Markets started coverage on shares of Exxon Mobil in a report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price target for the company. Independent Research set a $74.00 price target on shares of Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 29th. UBS Group reduced 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. Piper Jaffray Companies started coverage on shares of Exxon Mobil in a report on Tuesday, November 26th. They set a “hold” rating and a $83.00 price target for the company. Finally, Barclays started coverage on shares of Exxon Mobil in a report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price target for the company. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $79.00.
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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