Paradigm Financial Advisors LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Paradigm Financial Advisors LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 7.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,055 shares of the oil and gas company’s stock after selling 1,475 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in Exxon Mobil were worth $1,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Nuveen Asset Management LLC lifted its stake in shares of 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 valued at $1,737,358,000 after buying an additional 22,268,191 shares in the last quarter. Vanguard Group Inc. lifted its stake in 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 worth $26,639,953,000 after purchasing an additional 2,953,857 shares in the last quarter. California Public Employees Retirement System lifted its stake in 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 worth $738,453,000 after purchasing an additional 1,902,091 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in 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 worth $177,180,000 after purchasing an additional 1,748,402 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in 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 worth $21,523,998,000 after purchasing an additional 1,069,038 shares in the last quarter. Institutional investors own 54.39% of the company’s stock.

Shares of NYSE XOM traded down $1.37 during mid-day trading on Friday, hitting $70.77. 11,673,915 shares of the company’s stock traded hands, compared to its average volume of 11,457,568. The company’s 50-day moving average is $69.60 and its two-hundred day moving average is $72.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The company has a market capitalization of $309.25 billion, a P/E ratio of 14.35, a PEG ratio of 2.79 and a beta of 0.97. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $83.49.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share (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 analysts’ expectations of $65.86 billion. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.44%. The business’s revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 2.61 EPS for the current fiscal year.

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

XOM has been the topic of several research analyst reports. Royal Bank of Canada reiterated a “neutral” rating and issued a $75.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. Credit Suisse Group set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target on the stock. in a research note on Monday, July 22nd. Bank of America reiterated a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a research note on Friday, September 27th. Finally, BMO Capital Markets initiated coverage on shares of Exxon Mobil in a research note on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have issued a buy rating to the stock. Exxon Mobil currently has an average 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.

Further Reading: How Investors Use a Balance Sheet

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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