Hennessy Advisors Inc. decreased its stake in Exxon Mobil Co. (NYSE:XOM) by 9.4% in the course of the third quarter, based on the corporate in its most up-to-date submitting with the Securities and Trade Fee (SEC). The institutional investor owned 158,610 shares of the oil and fuel firm’s inventory after promoting 16,450 shares in the course of the quarter. Hennessy Advisors Inc.’s holdings in Exxon Mobil have been value $5,445,000 on the finish of the newest quarter.
Various different hedge funds additionally not too long ago made modifications to their positions in XOM. State Road Corp raised its place in shares of Exxon Mobil by 2.1% in the course of the first quarter. State Road Corp now owns 206,504,078 shares of the oil and fuel firm’s inventory value $7,840,960,000 after buying an extra 4,222,270 shares over the last quarter. Morgan Stanley raised its place in shares of Exxon Mobil by 18.6% in the course of the first quarter. Morgan Stanley now owns 20,533,386 shares of the oil and fuel firm’s inventory value $779,653,000 after buying an extra 3,223,089 shares over the last quarter. Financial institution of Montreal Can raised its place in shares of Exxon Mobil by 31.1% in the course of the second quarter. Financial institution of Montreal Can now owns 5,654,290 shares of the oil and fuel firm’s inventory value $233,862,000 after buying an extra 1,341,494 shares over the last quarter. Nordea Funding Administration AB raised its place in shares of Exxon Mobil by 83.7% in the course of the second quarter. Nordea Funding Administration AB now owns 2,870,374 shares of the oil and fuel firm’s inventory value $124,516,000 after buying an extra 1,308,232 shares over the last quarter. Lastly, Ensign Peak Advisors Inc raised its place in shares of Exxon Mobil by 51.2% in the course of the second quarter. Ensign Peak Advisors Inc now owns 3,513,497 shares of the oil and fuel firm’s inventory value $157,124,000 after buying an extra 1,190,327 shares over the last quarter. 50.90% of the inventory is presently owned by institutional traders and hedge funds.
Shares of NYSE XOM opened at $33.42 on Tuesday. The inventory has a 50 day shifting common value of $35.98 and a 200 day shifting common value of $41.98. Exxon Mobil Co. has a 52 week low of $30.11 and a 52 week excessive of $73.12. The corporate has a debt-to-equity ratio of 0.25, a fast ratio of 0.58 and a present ratio of 0.93. The inventory has a market capitalization of $141.31 billion, a PE ratio of 19.89 and a beta of 1.26.
Exxon Mobil (NYSE:XOM) final issued its quarterly earnings outcomes on Friday, July thirty first. The oil and fuel firm reported ($0.70) EPS for the quarter, lacking the consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a web margin of three.24% and a return on fairness of two.09%. The corporate had income of $32.61 billion for the quarter, in comparison with analyst estimates of $38.16 billion. Throughout the identical interval final yr, the corporate posted $0.61 earnings per share. The enterprise’s income for the quarter was down 52.8% on a year-over-year foundation. As a gaggle, analysis analysts forecast that Exxon Mobil Co. will put up -0.32 EPS for the present yr.
Various equities analysis analysts not too long ago commented on the corporate. Morgan Stanley dropped their value goal on Exxon Mobil from $46.00 to $44.00 and set an “equal weight” score for the corporate in a report on Monday. Piper Sandler upped their value goal on Exxon Mobil from $46.00 to $49.00 and gave the corporate a “impartial” score in a report on Friday, July twenty fourth. Cowen reiterated a “maintain” score and issued a $34.00 value goal on shares of Exxon Mobil in a report on Thursday, July 2nd. Goldman Sachs Group upgraded Exxon Mobil from a “promote” score to a “impartial” score and upped their value goal for the corporate from $33.00 to $36.00 in a report on Tuesday, October thirteenth. Lastly, Royal Financial institution of Canada upped their value goal on Exxon Mobil from $45.00 to $50.00 and gave the corporate an “underperform” score in a report on Monday, August third. 4 funding analysts have rated the inventory with a promote score, twenty-two have given a maintain score and three have issued a purchase score to the corporate’s inventory. The corporate presently has a median score of “Maintain” and a consensus value goal of $50.17.
Exxon Mobil Profile
Exxon Mobil Company explores for and produces crude oil and pure fuel in america, Canada/different Americas, Europe, Africa, Asia, and Australia/Oceania. It operates by means of Upstream, Downstream, and Chemical segments. The corporate can also be concerned within the manufacture, commerce, transport, and sale of crude oil, petroleum merchandise, and different specialty merchandise; and manufactures and markets petrochemicals, together with olefins, polyolefins, aromatics, and numerous different petrochemicals.
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