Lavaca Capital LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,952 shares of the oil and gas company’s stock after purchasing an additional 300 shares during the period. Exxon Mobil makes up 1.9% of Lavaca Capital LLC’s holdings, making the stock its 14th biggest holding. Lavaca Capital LLC’s holdings in Exxon Mobil were worth $2,468,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. First Financial Bank Trust Division raised its stake in shares of Exxon Mobil by 0.4% during the second quarter. First Financial Bank Trust Division now owns 88,888 shares of the oil and gas company’s stock valued at $6,811,000 after purchasing an additional 347 shares during the period. Boltwood Capital Management raised its stake in shares of Exxon Mobil by 0.6% during the second quarter. Boltwood Capital Management now owns 37,719 shares of the oil and gas company’s stock valued at $2,890,000 after purchasing an additional 241 shares in the last quarter. Thomasville National Bank raised its position in Exxon Mobil by 3.0% in the second quarter. Thomasville National Bank now owns 65,913 shares of the oil and gas company’s stock worth $5,051,000 after acquiring an additional 1,938 shares in the last quarter. LVM Capital Management Ltd. MI increased its stake in Exxon Mobil by 0.9% in the 2nd quarter. LVM Capital Management Ltd. MI now owns 141,104 shares of the oil and gas company’s stock worth $10,813,000 after purchasing an additional 1,240 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its stake in Exxon Mobil by 2.2% in the 2nd quarter. Baystate Wealth Management LLC now owns 15,706 shares of the oil and gas company’s stock worth $1,202,000 after purchasing an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.
NYSE XOM traded down $1.37 during trading hours on Friday, reaching $70.77. 11,673,915 shares of the company traded hands, compared to its average volume of 11,457,568. Exxon Mobil Co. has a 12 month low of $64.65 and a 12 month high of $83.49. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $309.25 billion, a PE ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. The company has a 50 day moving average of $69.60 and a two-hundred day moving average of $72.99.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The firm had revenue of $65.05 billion for the quarter, compared to the consensus estimate of $65.86 billion. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s revenue was down 15.1% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 2.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be given a $0.87 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.92%. Exxon Mobil’s payout ratio is currently 70.59%.
Several equities research analysts recently commented on the company. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. UBS Group lowered their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Royal Bank of Canada restated a “neutral” rating and set a $75.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. Finally, DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and cut their target price for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Three 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. Exxon Mobil presently 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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