Dubuque Bank & Trust Co. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 55.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,941 shares of the oil and gas company’s stock after selling 23,892 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Exxon Mobil were worth $1,337,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Ascent Wealth Partners LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $651,000. Apollon Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $305,000. Archford Capital Strategies LLC lifted its stake in Exxon Mobil by 4.3% in the fourth quarter. Archford Capital Strategies LLC now owns 26,327 shares of the oil and gas company’s stock worth $1,795,000 after acquiring an additional 1,082 shares during the period. Korea Investment CORP lifted its stake in Exxon Mobil by 0.8% in the fourth quarter. Korea Investment CORP now owns 2,708,029 shares of the oil and gas company’s stock worth $184,660,000 after acquiring an additional 21,800 shares during the period. Finally, INR Advisory Services LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $43,000. Hedge funds and other institutional investors own 54.42% of the company’s stock.
In related news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is currently owned by company insiders.
Several equities analysts have commented on the company. Independent Research set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, August 29th. Berenberg Bank reduced their price target on Exxon Mobil from $73.00 to $63.00 and set a “hold” rating for the company in a report on Monday. Zacks Investment Research downgraded 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. Royal Bank of Canada restated a “neutral” rating and set a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. Finally, UBS Group reduced their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.52.
NYSE XOM traded up $0.81 during trading hours on Thursday, hitting $68.25. The company’s stock had a trading volume of 6,686,287 shares, compared to its average volume of 11,440,889. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $86.82. The company’s 50 day simple moving average is $70.07 and its two-hundred day simple moving average is $74.77. The company has a market cap of $287.80 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same period last year, the company earned $0.92 EPS. Exxon Mobil’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 3.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were issued a $0.87 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $3.48 annualized dividend and a yield of 5.10%. Exxon Mobil’s 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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