Zevin Asset Management LLC Sells 148 Shares of Exxon Mobil Co. (NYSE:XOM)

Zevin Asset Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Canandaigua National Bank & Trust Co. increased its holdings in shares of Exxon Mobil by 1.3% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 262,510 shares of the oil and gas company’s stock worth $20,116,000 after buying an additional 3,357 shares during the last quarter. Krueger & Catalano Capital Partners LLC boosted its stake in shares of Exxon Mobil by 61.2% during the 2nd quarter. Krueger & Catalano Capital Partners LLC now owns 11,920 shares of the oil and gas company’s stock worth $913,000 after purchasing an additional 4,525 shares during the period. Chesley Taft & Associates LLC boosted its stake in shares of Exxon Mobil by 0.8% during the 2nd quarter. Chesley Taft & Associates LLC now owns 176,792 shares of the oil and gas company’s stock worth $13,548,000 after purchasing an additional 1,440 shares during the period. Mount Vernon Associates Inc. MD boosted its stake in shares of Exxon Mobil by 83.4% during the 2nd quarter. Mount Vernon Associates Inc. MD now owns 13,423 shares of the oil and gas company’s stock worth $1,029,000 after purchasing an additional 6,103 shares during the period. Finally, Alpha Cubed Investments LLC boosted its stake in shares of Exxon Mobil by 2.0% during the 2nd quarter. Alpha Cubed Investments LLC now owns 250,007 shares of the oil and gas company’s stock worth $19,158,000 after purchasing an additional 4,922 shares during the period. Institutional investors own 54.39% of the company’s stock.

A number of equities analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “neutral” rating and set a $76.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and dropped their price target for the stock from $72.00 to $70.00 in a research note on Tuesday, August 6th. Independent Research set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Bank of America reaffirmed a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research note on Friday, September 27th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $74.00 price target on shares of Exxon Mobil in a research note 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 given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $78.91.

Exxon Mobil stock traded down $0.43 during trading hours on Monday, hitting $70.34. The company had a trading volume of 8,674,048 shares, compared to its average volume of 11,444,766. The firm has a market cap of $309.25 billion, a P/E ratio of 14.27, a P/E/G 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 1 year low of $64.65 and a 1 year high of $83.49. The company has a 50-day moving average price of $69.60 and a two-hundred day moving average price of $72.99.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. The company had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The firm’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 2.61 EPS for the current 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 given a $0.87 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.48 annualized dividend and a yield of 4.95%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.

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

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