UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,251,247 Shares of Exxon Mobil Co. (NYSE:XOM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,313,887 shares of the oil and gas company’s stock after selling 2,251,247 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.33% of Exxon Mobil worth $1,677,874,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of XOM. Fairway Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC grew its holdings in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter worth $39,000. POM Investment Strategies LLC raised its holdings in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.3 %

NYSE XOM opened at $117.66 on Thursday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average price is $119.67 and its 200-day moving average price is $116.57. The stock has a market cap of $517.13 billion, a P/E ratio of 14.65, a P/E/G ratio of 5.04 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.37%. Exxon Mobil’s dividend payout ratio is 49.32%.

Analyst Ratings Changes

A number of research firms have issued reports on XOM. JPMorgan Chase & Co. boosted their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Truist Financial decreased their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, BMO Capital Markets lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.