Kavar Capital Partners LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

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Kavar Capital Partners LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,394 shares of the oil and gas company’s stock after selling 1,914 shares during the quarter. Kavar Capital Partners LLC’s holdings in Exxon Mobil were worth $940,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Exxon Mobil by 18.6% in the 1st quarter. Morgan Stanley now owns 20,533,386 shares of the oil and gas company’s stock worth $779,653,000 after acquiring an additional 3,223,089 shares during the last quarter. Vident Investment Advisory LLC lifted its position in shares of Exxon Mobil by 12.4% during the 2nd quarter. Vident Investment Advisory LLC now owns 16,308 shares of the oil and gas company’s stock valued at $729,000 after buying an additional 1,798 shares in the last quarter. M&G Investment Management Ltd. grew its position in shares of Exxon Mobil by 147.8% in the second quarter. M&G Investment Management Ltd. now owns 38,825 shares of the oil and gas company’s stock valued at $1,747,000 after purchasing an additional 23,156 shares during the period. Aptus Capital Advisors LLC boosted its holdings in Exxon Mobil by 510.5% in the 2nd quarter. Aptus Capital Advisors LLC now owns 58,624 shares of the oil and gas company’s stock worth $2,621,000 after buying an additional 49,021 shares during the last quarter. Finally, LexAurum Advisors LLC increased its stake in Exxon Mobil by 7.2% during the 2nd quarter. LexAurum Advisors LLC now owns 27,804 shares of the oil and gas company’s stock worth $1,243,000 after buying an additional 1,856 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.

NYSE:XOM traded down $0.46 during trading hours on Friday, reaching $36.94. 18,359,574 shares of the stock were exchanged, compared to its average volume of 28,853,887. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $34.31 and a two-hundred day moving average of $40.77. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $71.37. The company has a market capitalization of $156.19 billion, a price-to-earnings ratio of 21.99 and a beta of 1.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Wednesday, November 4th. The oil and gas company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $48.36 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue was down 29.0% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post -0.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 9.42%. The ex-dividend date of this dividend is Tuesday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.

XOM has been the topic of a number of research analyst reports. Truist reaffirmed a “hold” rating and issued a $39.00 price target (up from $36.00) on shares of Exxon Mobil in a research note on Monday, November 16th. Standpoint Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating in a research note on Friday, September 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $37.00 target price on shares of Exxon Mobil in a research report on Friday, October 30th. Credit Suisse Group decreased their price target on shares of Exxon Mobil from $47.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. Finally, MKM Partners assumed coverage on shares of Exxon Mobil in a research note on Wednesday, September 9th. They set a “buy” rating and a $55.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.08.

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.

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

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