G&S Capital LLC Trims Holdings in Exxon Mobil Co. (NYSE:XOM)

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G&S Capital LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,407 shares of the oil and gas company’s stock after selling 654 shares during the period. G&S Capital LLC’s holdings in Exxon Mobil were worth $1,159,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XOM. Massey Quick Simon & CO. LLC lifted its position in shares of Exxon Mobil by 121.2% during the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares during the period. Krane Funds Advisors LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $26,000. Asset Planning Services Ltd. lifted its position in shares of Exxon Mobil by 1,984.0% during the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares during the period. Evolution Wealth Advisors LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $45,000. Finally, PARK CIRCLE Co lifted its position in shares of Exxon Mobil by 100.0% during the 2nd quarter. PARK CIRCLE Co now owns 800 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.

XOM has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “neutral” rating and set a $76.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. UBS Group dropped their price objective on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, August 23rd. BMO Capital Markets assumed coverage on Exxon Mobil in a research report on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price objective for the company. Barclays assumed coverage on Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price objective for the company. Finally, Bank of America restated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research report on Friday, September 27th. Three investment 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 company has a consensus rating of “Hold” and a consensus price target of $78.91.

Shares of XOM stock traded down $1.37 on Friday, hitting $70.77. The company had a trading volume of 11,673,915 shares, compared to its average volume of 11,457,568. The stock’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 firm has a market cap of $309.25 billion, a P/E ratio of 14.35, 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 (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The business had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The firm’s revenue was down 15.1% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 2.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.87 per share. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a yield of 4.92%. Exxon Mobil’s dividend payout ratio is currently 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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