Compagnie Lombard Odier SCmA Sells 112,219 Shares of Exxon Mobil Co. (NYSE:XOM)

Compagnie Lombard Odier SCmA decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 25.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 333,621 shares of the oil and gas company’s stock after selling 112,219 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Exxon Mobil were worth $39,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after acquiring an additional 14,158,054 shares during the last quarter. Global Assets Advisory LLC grew its position in Exxon Mobil by 16,399.4% during the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after acquiring an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC grew its position in Exxon Mobil by 565.3% during the 4th quarter. Fisher Asset Management LLC now owns 13,180,807 shares of the oil and gas company’s stock worth $1,317,817,000 after acquiring an additional 11,199,696 shares during the last quarter. Primecap Management Co. CA bought a new stake in Exxon Mobil during the 2nd quarter worth $980,210,000. Finally, Capital International Investors grew its position in Exxon Mobil by 25.1% during the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after acquiring an additional 5,523,429 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.4 %

XOM stock traded up $0.47 during trading on Friday, reaching $123.61. 8,294,839 shares of the stock were exchanged, compared to its average volume of 16,737,104. The firm’s 50 day moving average is $116.90 and its 200 day moving average is $116.34. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $487.40 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the business earned $1.94 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Barclays cut their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Morgan Stanley cut their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.88.

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.