Doyle Wealth Management trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 0.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 314,026 shares of the oil and gas company’s stock after selling 430 shares during the period. Exxon Mobil makes up about 3.1% of Doyle Wealth Management’s portfolio, making the stock its 3rd largest holding. Doyle Wealth Management’s holdings in Exxon Mobil were worth $22,173,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC increased its position in Exxon Mobil by 121.2% during 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 acquired a new position in Exxon Mobil during the second quarter worth $26,000. Candriam Luxembourg S.C.A. increased its position in Exxon Mobil by 48.5% during the third quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock worth $36,000 after buying an additional 164,241 shares during the last quarter. Asset Planning Services Ltd. increased its position in Exxon Mobil by 1,984.0% during 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. Finally, Marquette Asset Management LLC increased its position in Exxon Mobil by 35.0% during 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. Hedge funds and other institutional investors own 54.39% of the company’s stock.
Several equities analysts have commented on XOM shares. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Royal Bank of Canada reissued a “neutral” rating and set a $75.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target for the company. in a report on Monday, July 22nd. Bank of America restated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a report on Friday, September 27th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $74.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have given a buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and an average target price of $78.91.
NYSE XOM opened at $70.34 on Tuesday. 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 firm has a 50-day simple moving average of $69.55 and a 200 day simple moving average of $72.87. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $83.49. The stock has a market cap of $299.44 billion, a PE ratio of 14.27, a PEG ratio of 2.70 and a beta of 0.97.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter last year, the company earned $0.82 earnings per share. The firm’s revenue was down 15.1% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 2.61 earnings per share for the current fiscal 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 paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Friday, November 8th. Exxon Mobil’s dividend payout ratio is 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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