Fayerweather Charles Cuts Position in Exxon Mobil Co. (NYSE:XOM)

Fayerweather Charles decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 29.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 8,542 shares of the oil and gas company’s stock after selling 3,575 shares during the quarter. Fayerweather Charles’ holdings in Exxon Mobil were worth $603,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XOM. First Trust Advisors LP increased its position in shares of Exxon Mobil by 10.7% in the third quarter. First Trust Advisors LP now owns 3,333,537 shares of the oil and gas company’s stock valued at $235,381,000 after buying an additional 321,763 shares in the last quarter. Managed Asset Portfolios LLC increased its position in shares of Exxon Mobil by 18.3% in the third quarter. Managed Asset Portfolios LLC now owns 333,742 shares of the oil and gas company’s stock valued at $23,565,000 after buying an additional 51,571 shares in the last quarter. Haverford Trust Co. increased its position in shares of Exxon Mobil by 0.7% in the third quarter. Haverford Trust Co. now owns 1,091,180 shares of the oil and gas company’s stock valued at $77,048,000 after buying an additional 7,344 shares in the last quarter. Kahn Brothers Group Inc. DE increased its position in shares of Exxon Mobil by 0.8% in the third quarter. Kahn Brothers Group Inc. DE now owns 19,120 shares of the oil and gas company’s stock valued at $1,350,000 after buying an additional 146 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Exxon Mobil by 0.6% in the third quarter. Daiwa Securities Group Inc. now owns 205,862 shares of the oil and gas company’s stock valued at $14,536,000 after buying an additional 1,152 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

XOM has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on Exxon Mobil in a research report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price target for the company. Berenberg Bank restated a “neutral” rating and issued a $63.00 price target on shares of Exxon Mobil in a research report on Friday, November 1st. Royal Bank of Canada restated a “neutral” rating and issued a $75.00 price target on shares of Exxon Mobil in a research report on Friday, November 1st. Jefferies Financial Group restated a “neutral” rating and issued a $76.00 price target on shares of Exxon Mobil in a research report on Friday, November 1st. Finally, Independent Research set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, August 29th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $78.91.

Shares of NYSE:XOM opened at $70.77 on Friday. The company has a market cap of $309.25 billion, a P/E ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74. Exxon Mobil Co. has a one year low of $64.65 and a one year high of $83.49. The business’s 50-day simple moving average is $69.60 and its 200 day simple moving average is $72.99.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The business had revenue of $65.05 billion for the quarter, compared to the consensus estimate of $65.86 billion. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The company’s revenue was down 15.1% on a year-over-year basis. During the same period last year, the business posted $0.82 EPS. Analysts predict that Exxon Mobil Co. will post 2.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.87 per share. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a dividend yield of 4.92%. Exxon Mobil’s payout ratio is currently 70.59%.

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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