Ifrah Financial Services Inc. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,770 shares of the oil and gas company’s stock after selling 142 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Exxon Mobil were worth $337,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC grew its position in shares of Exxon Mobil by 121.2% in 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 purchasing an additional 183 shares during the period. Krane Funds Advisors LLC acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $26,000. Asset Planning Services Ltd. boosted its position in 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 worth $40,000 after acquiring an additional 496 shares during the last quarter. Marquette Asset Management LLC boosted its position in Exxon Mobil by 35.0% during the 3rd quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 150 shares during the last quarter. Finally, Evolution Wealth Advisors LLC acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $45,000. Institutional investors own 54.39% of the company’s stock.
A number of equities analysts have weighed in on the company. 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 target for the company. Morgan Stanley reduced their price target on Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Credit Suisse Group set a $74.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 2nd. UBS Group reduced their price target 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. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 price target on shares of Exxon Mobil in a research report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $78.91.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.44% and a net margin of 5.43%. The company had revenue of $65.05 billion for the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue was down 15.1% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 2.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, November 8th. 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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