Exxon Mobil Co. (NYSE:XOM) Holdings Boosted by Karp Capital Management Corp

Karp Capital Management Corp grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,242 shares of the oil and gas company’s stock after buying an additional 705 shares during the period. Karp Capital Management Corp’s holdings in Exxon Mobil were worth $1,641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC increased its stake in shares of Exxon Mobil by 121.2% during 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 during the period. Krane Funds Advisors LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at approximately $26,000. Candriam Luxembourg S.C.A. increased its stake in shares of Exxon Mobil by 48.5% during the third quarter. Candriam Luxembourg S.C.A. now owns 503,066 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 164,241 shares during the period. Asset Planning Services Ltd. increased its stake in shares of Exxon Mobil by 1,984.0% during 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 during the period. Finally, Marquette Asset Management LLC increased its stake in shares of Exxon Mobil by 35.0% during 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 during the period. 54.39% of the stock is currently owned by institutional investors.

Exxon Mobil stock traded down $1.37 during mid-day trading on Friday, hitting $70.77. The company’s stock had a trading volume of 11,673,915 shares, compared to its average volume of 11,457,568. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $309.25 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.79 and a beta of 0.97. Exxon Mobil Co. has a twelve month low of $64.65 and a twelve month high of $83.49. The stock’s fifty day moving average price is $69.60 and its two-hundred day moving average price is $72.99.

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 Thomson Reuters’ 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 net margin of 5.43% and a return on equity of 7.44%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 2.61 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a $0.87 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a yield of 4.92%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.

A number of research analysts recently commented on XOM shares. Morgan Stanley lowered their price objective on shares of 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 shares of 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. DZ Bank upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating and lowered their price objective for the company from $72.00 to $70.00 in a research note on Tuesday, August 6th. Goldman Sachs Group reiterated a “neutral” rating and set a $74.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. Finally, BMO Capital Markets started coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They set a “market perform” rating and a $86.00 price objective on the stock. 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. The company has a consensus rating of “Hold” and a consensus 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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