Massachusetts Financial Services Co. MA Sells 82,854 Shares of Exxon Mobil Co. (NYSE:XOM)

Massachusetts Financial Services Co. MA decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,938,430 shares of the oil and gas company’s stock after selling 82,854 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.21% of Exxon Mobil worth $631,144,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SlateStone Wealth LLC boosted its stake in Exxon Mobil by 10.2% in the third quarter. SlateStone Wealth LLC now owns 7,921 shares of the oil and gas company’s stock valued at $559,000 after buying an additional 734 shares in the last quarter. Intersect Capital LLC boosted its stake in Exxon Mobil by 7.5% in the third quarter. Intersect Capital LLC now owns 6,157 shares of the oil and gas company’s stock valued at $435,000 after buying an additional 430 shares in the last quarter. Mengis Capital Management Inc. boosted its stake in Exxon Mobil by 1.2% in the third quarter. Mengis Capital Management Inc. now owns 73,489 shares of the oil and gas company’s stock valued at $5,189,000 after buying an additional 875 shares in the last quarter. Fulcrum Equity Management acquired a new stake in Exxon Mobil in the third quarter valued at about $90,000. Finally, Little House Capital LLC acquired a new stake in Exxon Mobil in the third quarter valued at about $424,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Shares of XOM stock traded down $1.08 during mid-day trading on Tuesday, reaching $69.26. 9,454,395 shares of the stock traded hands, compared to its average volume of 11,515,030. The stock’s fifty day simple moving average is $69.55 and its two-hundred day simple moving average is $72.87. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $83.49. The company has a market cap of $299.44 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 2.70 and a beta of 0.97. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. The firm had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 2.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Friday, November 8th. Exxon Mobil’s dividend payout ratio is currently 70.59%.

Several analysts recently weighed in on XOM shares. Barclays started coverage on Exxon Mobil in a research note on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price objective on the stock. Morgan Stanley reduced their price objective on Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective on the stock. in a research note on Monday, July 22nd. BMO Capital Markets started coverage on Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price objective on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $78.91.

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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