O Brien Wealth Partners LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,482 shares of the oil and gas company’s stock after selling 711 shares during the quarter. Exxon Mobil makes up approximately 0.2% of O Brien Wealth Partners LLC’s holdings, making the stock its 27th biggest holding. O Brien Wealth Partners LLC’s holdings in Exxon Mobil were worth $316,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of XOM. Nuveen Asset Management LLC raised its holdings in Exxon Mobil by 5,514.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock worth $1,737,358,000 after buying an additional 22,268,191 shares during the period. FMR LLC increased its position in Exxon Mobil by 6.8% during the first quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after acquiring an additional 3,038,704 shares during the last quarter. Vanguard Group Inc. increased its position in Exxon Mobil by 0.9% during the second 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 during the last quarter. Thoroughbred Financial Services LLC increased its position in Exxon Mobil by 7,471.5% during the second 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 during the last quarter. Finally, BlackRock Inc. increased its position in Exxon Mobil by 0.4% during the second 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 during the last quarter. 54.42% of the stock is currently owned by hedge funds and other institutional investors.
XOM has been the subject of a number of research reports. Barclays initiated coverage on Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price objective for the company. Royal Bank of Canada reiterated a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a research report on Friday, August 2nd. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a research report on Monday, July 22nd. Morgan Stanley reduced their price target on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, BMO Capital Markets initiated coverage on Exxon Mobil in a research report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price target for the company. Three equities research 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. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $81.09.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 3.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
About Exxon Mobil
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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