Flippin Bruce & Porter Inc. reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,553 shares of the oil and gas company’s stock after selling 3,895 shares during the period. Exxon Mobil makes up approximately 1.8% of Flippin Bruce & Porter Inc.’s holdings, making the stock its 21st largest holding. Flippin Bruce & Porter Inc.’s holdings in Exxon Mobil were worth $10,278,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in XOM. First Trust Advisors LP grew its position in Exxon Mobil by 10.7% during the 3rd quarter. First Trust Advisors LP now owns 3,333,537 shares of the oil and gas company’s stock worth $235,381,000 after acquiring an additional 321,763 shares during the last quarter. Managed Asset Portfolios LLC grew its position in Exxon Mobil by 18.3% during the 3rd quarter. Managed Asset Portfolios LLC now owns 333,742 shares of the oil and gas company’s stock worth $23,565,000 after acquiring an additional 51,571 shares during the last quarter. Haverford Trust Co. grew its position in Exxon Mobil by 0.7% during the 3rd quarter. Haverford Trust Co. now owns 1,091,180 shares of the oil and gas company’s stock worth $77,048,000 after acquiring an additional 7,344 shares during the last quarter. Kahn Brothers Group Inc. DE grew its position in Exxon Mobil by 0.8% during the 3rd quarter. Kahn Brothers Group Inc. DE now owns 19,120 shares of the oil and gas company’s stock worth $1,350,000 after acquiring an additional 146 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Exxon Mobil by 0.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 205,862 shares of the oil and gas company’s stock worth $14,536,000 after acquiring an additional 1,152 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.
NYSE:XOM traded down $1.37 during trading hours on Friday, hitting $70.77. 11,673,915 shares of the stock were exchanged, compared to its average volume of 11,457,568. The company’s 50 day moving average is $69.60 and its two-hundred day moving average is $72.99. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $83.49. 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 company has a market capitalization of $309.25 billion, a P/E ratio of 14.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.97.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, November 8th. Exxon Mobil’s dividend payout ratio (DPR) is currently 70.59%.
A number of research firms recently commented on XOM. Barclays began coverage on Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price target on the stock. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Bank of America restated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research report on Friday, September 27th. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and decreased their price target for the stock from $72.00 to $70.00 in a research report on Tuesday, August 6th. Finally, Berenberg Bank reaffirmed a “neutral” rating and set a $63.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Three investment 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 company currently has an average rating of “Hold” and an average target price of $78.91.
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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