Foster Dykema Cabot & Co. Inc. MA Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Foster Dykema Cabot & Co. Inc. MA decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 10.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,126 shares of the oil and gas company’s stock after selling 912 shares during the period. Foster Dykema Cabot & Co. Inc. MA’s holdings in Exxon Mobil were worth $574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nuveen Asset Management LLC raised its holdings in shares of Exxon Mobil by 5,514.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after acquiring an additional 22,268,191 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Exxon Mobil by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock valued at $26,639,953,000 after acquiring an additional 2,953,857 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Exxon Mobil by 22.2% in the 3rd quarter. California Public Employees Retirement System now owns 10,458,189 shares of the oil and gas company’s stock valued at $738,453,000 after acquiring an additional 1,902,091 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Exxon Mobil by 7,471.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after acquiring an additional 1,748,402 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after acquiring an additional 1,069,038 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Exxon Mobil stock traded down $0.74 during trading on Wednesday, hitting $68.63. 422,454 shares of the stock traded hands, compared to its average volume of 11,456,082. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The stock has a market cap of $299.44 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.70 and a beta of 0.97. The firm’s fifty day moving average is $69.49 and its 200-day moving average is $72.80. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $83.49.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. During the same period last year, the company earned $0.82 EPS. Exxon Mobil’s revenue for the quarter was down 15.1% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 2.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.48 annualized dividend and a yield of 5.07%. Exxon Mobil’s payout ratio is 70.59%.

XOM has been the topic of several recent analyst reports. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $75.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. UBS Group lowered their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Independent Research set a $74.00 price target on Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, August 29th. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and lowered their price target for the company from $72.00 to $70.00 in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 price target on shares of Exxon Mobil in a report on Friday, November 1st. Three 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. The stock has an average rating of “Hold” and an average target price of $78.91.

Exxon Mobil 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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