Zevin Asset Management LLC Reduces Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Zevin Asset Management LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.4% during the 3rd quarter, Holdings Channel reports. The fund owned 4,240 shares of the oil and gas company’s stock after selling 148 shares during the period. Zevin Asset Management LLC’s holdings in Exxon Mobil were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in XOM. Nuveen Asset Management LLC boosted its holdings in shares of Exxon Mobil by 5,514.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after acquiring an additional 22,268,191 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Exxon Mobil by 0.9% during the second quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock worth $26,639,953,000 after buying an additional 2,953,857 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Exxon Mobil by 22.2% during the third quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock worth $738,453,000 after buying an additional 1,902,091 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in Exxon Mobil by 7,471.5% during the second quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock worth $177,180,000 after buying an additional 1,748,402 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Exxon Mobil by 0.4% during the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after buying an additional 1,069,038 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil stock traded down $0.43 during trading on Monday, reaching $70.34. The stock had a trading volume of 8,674,048 shares, compared to its average volume of 11,444,766. Exxon Mobil Co. has a 52-week low of $64.65 and a 52-week high of $83.49. The business has a 50 day moving average price of $69.60 and a 200 day moving average price of $72.99. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a market cap of $309.25 billion, a PE ratio of 14.27, a P/E/G ratio of 2.79 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The company had revenue of $65.05 billion during the quarter, compared to the consensus estimate of $65.86 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 2.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.48 dividend on an annualized basis and a yield of 4.95%. Exxon Mobil’s payout ratio is currently 70.59%.

XOM has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “neutral” rating and set a $63.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $79.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 2nd. Goldman Sachs Group reaffirmed a “neutral” rating and set a $74.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Three equities 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 company. The company has a consensus rating of “Hold” and a consensus target price of $78.91.

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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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