Exxon Mobil Co. (NYSE:XOM) is S&CO Inc.’s 5th Largest Position

S&CO Inc. lessened its position in Exxon Mobil Co. (NYSE:XOM) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 553,165 shares of the oil and gas company’s stock after selling 45,834 shares during the quarter. Exxon Mobil comprises 4.2% of S&CO Inc.’s holdings, making the stock its 5th largest position. S&CO Inc.’s holdings in Exxon Mobil were worth $64,842,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XOM. WFA Asset Management Corp grew its position in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in Exxon Mobil in the 1st quarter valued at $933,000. Empowered Funds LLC increased its stake in shares of Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock worth $107,591,000 after acquiring an additional 49,083 shares during the last quarter. M&G Plc purchased a new position in shares of Exxon Mobil during the 1st quarter worth $2,185,000. Finally, Ontario Teachers Pension Plan Board boosted its position in shares of Exxon Mobil by 17.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 14,880 shares of the oil and gas company’s stock valued at $1,730,000 after acquiring an additional 2,167 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 1.0 %

Shares of XOM stock opened at $119.31 on Friday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a 50 day moving average price of $118.49 and a 200 day moving average price of $116.39. The stock has a market capitalization of $524.38 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.32%. Exxon Mobil’s dividend payout ratio is 49.32%.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. JPMorgan Chase & Co. raised their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Barclays decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Truist Financial lowered their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.