Manchester Capital Management LLC trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 59.4% in the 3rd quarter, Holdings Channel reports. The fund owned 8,890 shares of the oil and gas company’s stock after selling 13,006 shares during the quarter. Manchester Capital Management LLC’s holdings in Exxon Mobil were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bernicke Wealth Management Ltd. boosted its position in shares of Exxon Mobil by 9.3% in the second quarter. Bernicke Wealth Management Ltd. now owns 6,675 shares of the oil and gas company’s stock valued at $299,000 after acquiring an additional 566 shares during the period. Wills Financial Group Inc. boosted its position in shares of Exxon Mobil by 12.8% in the second quarter. Wills Financial Group Inc. now owns 25,512 shares of the oil and gas company’s stock valued at $1,141,000 after acquiring an additional 2,885 shares during the period. Loveless Wealth Management LLC boosted its position in shares of Exxon Mobil by 1.7% in the second quarter. Loveless Wealth Management LLC now owns 146,721 shares of the oil and gas company’s stock valued at $6,561,000 after acquiring an additional 2,450 shares during the period. D. B. Root & Company LLC boosted its position in shares of Exxon Mobil by 2.2% in the third quarter. D. B. Root & Company LLC now owns 31,384 shares of the oil and gas company’s stock valued at $1,077,000 after acquiring an additional 677 shares during the period. Finally, Coastal Investment Advisors Inc. boosted its position in shares of Exxon Mobil by 11.0% in the third quarter. Coastal Investment Advisors Inc. now owns 31,744 shares of the oil and gas company’s stock valued at $1,090,000 after acquiring an additional 3,156 shares during the period. 50.90% of the stock is owned by institutional investors.
Shares of NYSE:XOM opened at $32.97 on Friday. The business has a fifty day moving average of $34.83 and a 200-day moving average of $41.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. The firm has a market cap of $139.40 billion, a PE ratio of 19.63 and a beta of 1.31. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $73.12.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). The firm had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. Exxon Mobil’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 12th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 10.56%. Exxon Mobil’s payout ratio is 154.67%.
XOM has been the subject of several research reports. Truist reduced their target price on Exxon Mobil from $44.00 to $41.00 and set a “hold” rating for the company in a research report on Friday, October 9th. Credit Suisse Group initiated coverage on Exxon Mobil in a research report on Tuesday, August 4th. They issued a “hold” rating and a $47.00 target price for the company. Piper Sandler raised their target price on Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Morgan Stanley reduced their target price on Exxon Mobil from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Finally, Scotiabank raised Exxon Mobil from a “sector underperform” rating to a “sector perform” rating and set a $45.00 target price for the company in a research report on Wednesday, September 23rd. Four analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $50.17.
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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