Truepoint Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 7,709.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 446,713 shares of the oil and gas company’s stock after buying an additional 440,993 shares during the period. Truepoint Inc.’s holdings in Exxon Mobil were worth $447,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of XOM. Beach Investment Management LLC. purchased a new stake in shares of Exxon Mobil in the second quarter worth $2,867,000. Trexquant Investment LP purchased a new stake in Exxon Mobil during the second quarter valued at about $969,000. Corundum Group Inc. raised its position in Exxon Mobil by 2.0% during the second quarter. Corundum Group Inc. now owns 10,531 shares of the oil and gas company’s stock valued at $850,000 after purchasing an additional 206 shares in the last quarter. Summit Financial Strategies Inc. purchased a new stake in Exxon Mobil during the second quarter valued at about $498,000. Finally, Palisade Asset Management LLC raised its position in Exxon Mobil by 23.5% during the second quarter. Palisade Asset Management LLC now owns 148,893 shares of the oil and gas company’s stock valued at $12,020,000 after purchasing an additional 28,335 shares in the last quarter. Institutional investors own 53.18% of the company’s stock.
Shares of Exxon Mobil Co. (NYSE:XOM) opened at $74.42 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $315,350.00, a PE ratio of 23.04, a P/E/G ratio of 1.11 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $73.53 and a 12 month high of $89.30.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a return on equity of 8.00% and a net margin of 7.61%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. analysts predict that Exxon Mobil Co. will post 4.82 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 12th were paid a $0.77 dividend. The ex-dividend date was Friday, February 9th. This represents a $3.08 annualized dividend and a dividend yield of 4.14%. Exxon Mobil’s payout ratio is presently 95.36%.
XOM has been the topic of a number of research reports. Royal Bank of Canada lowered their price target on Exxon Mobil from $90.00 to $85.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 16th. Vetr upgraded Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 price target on the stock in a research report on Friday, November 17th. UBS Group set a $83.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, December 4th. Credit Suisse Group initiated coverage on Exxon Mobil in a research report on Monday, December 11th. They set a “neutral” rating and a $83.00 price target on the stock. Finally, JPMorgan Chase & Co. set a $81.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday, December 12th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $86.55.
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About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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