Covestor Ltd Has $255,000 Position in Exxon Mobil Co. (NYSE:XOM)

Covestor Ltd cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,178 shares of the oil and gas company’s stock after selling 168 shares during the quarter. Covestor Ltd’s holdings in Exxon Mobil were worth $255,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XOM. Massachusetts Financial Services Co. MA lifted its stake in shares of Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Exxon Mobil in the second quarter worth about $980,210,000. International Assets Investment Management LLC boosted its stake in shares of Exxon Mobil by 7,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock worth $808,077,000 after acquiring an additional 6,805,982 shares in the last quarter. Capital International Investors increased its holdings in shares of Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.0 %

Shares of Exxon Mobil stock opened at $121.11 on Monday. The company’s fifty day moving average price is $117.91 and its two-hundred day moving average price is $116.36. The firm has a market capitalization of $532.29 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.27%. Exxon Mobil’s payout ratio is currently 47.32%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on XOM shares. TD Cowen decreased their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Morgan Stanley lowered their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Finally, Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Company 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.