Exxon Mobil Co. (NYSE:XOM) Stock Holdings Cut by FAI Wealth Management

FAI Wealth Management reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,916 shares of the oil and gas company’s stock after selling 1,094 shares during the quarter. FAI Wealth Management’s holdings in Exxon Mobil were worth $203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Reitz Capital Advisors LLC bought a new position in Exxon Mobil during the 2nd quarter valued at $33,000. Capstone Financial Group Inc. lifted its holdings in shares of Exxon Mobil by 49.0% in the second quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 367 shares in the last quarter. Evolution Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 2,790.7% in the second quarter. Evolution Wealth Advisors LLC now owns 1,243 shares of the oil and gas company’s stock valued at $56,000 after purchasing an additional 1,200 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter valued at $63,000. Finally, Joseph P. Lucia & Associates LLC raised its holdings in shares of Exxon Mobil by 38.9% during the second quarter. Joseph P. Lucia & Associates LLC now owns 1,429 shares of the oil and gas company’s stock worth $64,000 after acquiring an additional 400 shares in the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on XOM. Standpoint Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating in a report on Friday, September 11th. Raymond James reiterated a “sell” rating on shares of Exxon Mobil in a report on Friday, September 18th. MKM Partners began coverage on Exxon Mobil in a report on Wednesday, September 9th. They set a “buy” rating and a $55.00 price objective for the company. The Goldman Sachs Group upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $33.00 to $36.00 in a report on Tuesday, October 13th. Finally, Piper Sandler increased their price objective on Exxon Mobil from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Four equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.58.

Shares of NYSE:XOM traded down $0.60 during midday trading on Friday, hitting $32.37. The company’s stock had a trading volume of 1,898,439 shares, compared to its average volume of 28,258,447. The stock has a market capitalization of $139.40 billion, a price-to-earnings ratio of 19.24 and a beta of 1.31. The stock’s 50 day simple moving average is $34.83 and its 200 day simple moving average is $41.67. Exxon Mobil Co. has a fifty-two week low of $30.11 and a fifty-two week high of $73.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09). The business had revenue of $32.61 billion during the quarter, compared to analyst estimates of $38.16 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The company’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post -0.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 12th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 10.75%. The ex-dividend date is Tuesday, November 10th. Exxon Mobil’s dividend payout ratio is currently 154.67%.

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.

Further Reading: Coverage Ratio

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

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