Lavaca Capital LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,952 shares of the oil and gas company’s stock after acquiring an additional 300 shares during the period. Exxon Mobil comprises approximately 1.9% of Lavaca Capital LLC’s holdings, making the stock its 14th largest position. Lavaca Capital LLC’s holdings in Exxon Mobil were worth $2,468,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Massey Quick Simon & CO. LLC boosted its holdings in Exxon Mobil by 121.2% in the 2nd 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 period. Krane Funds Advisors LLC bought a new position in Exxon Mobil in the 2nd quarter worth $26,000. Asset Planning Services Ltd. boosted its holdings in Exxon Mobil by 1,984.0% in the 2nd 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 period. Marquette Asset Management LLC boosted its holdings in Exxon Mobil by 35.0% in the 3rd 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 period. Finally, Evolution Wealth Advisors LLC bought a new position in Exxon Mobil in the 2nd quarter worth $45,000. 54.39% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE XOM traded down $1.37 during mid-day trading on Friday, hitting $70.77. 11,673,915 shares of the company’s stock traded hands, compared to its average volume of 11,457,568. The company’s 50-day moving average is $69.60 and its two-hundred day moving average is $72.99. 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 company has a market capitalization of $309.25 billion, a P/E ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $83.49.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $65.05 billion for 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 7.44%. The business’s revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 2.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Friday, November 8th. Exxon Mobil’s dividend payout ratio is 70.59%.
Several analysts have commented on XOM shares. Barclays started 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 target on the stock. Bank of America reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research note on Friday, September 27th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Goldman Sachs Group reiterated a “neutral” rating and issued a $74.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $78.91.
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.
Further Reading: How Investors Use a Balance Sheet
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