Condor Capital Management trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,404 shares of the oil and gas company’s stock after selling 2,945 shares during the period. Condor Capital Management’s holdings in Exxon Mobil were worth $2,429,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in XOM. Massey Quick Simon & CO. LLC raised its stake in shares of Exxon Mobil by 121.2% in the second 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 in the last quarter. Krane Funds Advisors LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at $26,000. Asset Planning Services Ltd. raised its stake in shares of Exxon Mobil by 1,984.0% in the second 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 in the last quarter. Marquette Asset Management LLC raised its stake in shares of Exxon Mobil by 35.0% in the third quarter. Marquette Asset Management LLC now owns 578 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 150 shares in the last quarter. Finally, Evolution Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at $45,000. Institutional investors own 54.39% of the company’s stock.
Several brokerages have recently issued reports on XOM. 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. UBS Group reduced their price objective on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Finally, Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, eighteen have issued 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 a consensus target price of $78.91.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. The firm had revenue of $65.05 billion for the quarter, compared to analyst estimates of $65.86 billion. Exxon Mobil had a return on equity of 7.45% and a net margin of 5.43%. Exxon Mobil’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 2.61 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, November 8th. Exxon Mobil’s payout ratio is 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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