Bell Bank lessened its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,588 shares of the oil and gas company’s stock after selling 9,324 shares during the quarter. Exxon Mobil comprises about 1.1% of Bell Bank’s holdings, making the stock its 19th largest holding. Bell Bank’s holdings in Exxon Mobil were worth $8,978,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC purchased a new position in Exxon Mobil in the second quarter valued at $35,000. Anfield Capital Management LLC boosted its stake in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $39,000. POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the second quarter worth about $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on XOM shares. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.95.
Exxon Mobil Stock Up 0.1 %
Shares of NYSE:XOM opened at $120.57 on Friday. The company has a 50 day moving average price of $118.21 and a two-hundred day moving average price of $116.38. The company has a market capitalization of $529.92 billion, a PE ratio of 15.01, a PEG ratio of 5.09 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 quick ratio of 1.01 and a current ratio of 1.35.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the company posted $2.27 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.
Exxon Mobil Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 47.32%.
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.
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