Knights of Columbus Asset Advisors LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Knights of Columbus Asset Advisors LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,465 shares of the oil and gas company’s stock after buying an additional 486 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Exxon Mobil were worth $2,910,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XOM. Amundi bought a new position in shares of Exxon Mobil during the 2nd quarter valued at $986,290,000. GQG Partners LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at $899,097,000. FMR LLC grew its holdings in shares of Exxon Mobil by 7.2% during the 2nd quarter. FMR LLC now owns 91,323,495 shares of the oil and gas company’s stock valued at $5,760,686,000 after purchasing an additional 6,141,561 shares during the last quarter. State Street Corp grew its holdings in Exxon Mobil by 2.0% in the 2nd quarter. State Street Corp now owns 252,449,984 shares of the oil and gas company’s stock worth $15,924,545,000 after acquiring an additional 4,874,643 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Exxon Mobil by 33.5% in the 3rd quarter. Deutsche Bank AG now owns 16,479,686 shares of the oil and gas company’s stock worth $969,335,000 after acquiring an additional 4,139,065 shares during the last quarter. 51.71% of the stock is currently owned by institutional investors.

In other news, VP Leonard M. Fox sold 7,300 shares of the business’s stock in a transaction dated Tuesday, December 14th. The stock was sold at an average price of $61.81, for a total value of $451,213.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James M. Spellings, Jr. sold 12,500 shares of the business’s stock in a transaction dated Wednesday, December 8th. The shares were sold at an average price of $62.63, for a total value of $782,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 5,544 shares of company stock valued at $352,640 and have sold 28,400 shares valued at $1,771,158. 0.05% of the stock is owned by insiders.

NYSE XOM traded up $1.01 during trading on Friday, hitting $71.64. The stock had a trading volume of 620,428 shares, compared to its average volume of 27,903,494. The company has a quick ratio of 0.58, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $303.29 billion, a PE ratio of -51.69, a PEG ratio of 0.81 and a beta of 1.36. The firm has a 50 day moving average price of $63.32 and a 200 day moving average price of $60.37. Exxon Mobil Co. has a twelve month low of $44.29 and a twelve month high of $71.81.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Thursday, October 28th. The oil and gas company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.02. Exxon Mobil had a positive return on equity of 8.66% and a negative net margin of 2.39%. The business had revenue of $73.79 billion for the quarter, compared to analyst estimates of $72.05 billion. During the same quarter in the prior year, the company earned ($0.18) earnings per share. The company’s revenue was up 59.7% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 5.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Friday, November 12th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 4.91%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Wednesday, November 10th. Exxon Mobil’s payout ratio is -253.24%.

XOM has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 1st. Truist Financial raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and lifted their target price for the company from $50.00 to $65.00 in a research note on Thursday, January 6th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 price objective for the company. in a report on Monday, October 11th. Barclays upped their target price on shares of Exxon Mobil from $71.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 8th. Finally, Jefferies Financial Group set a $59.00 price target on Exxon Mobil in a research note on Wednesday, December 1st. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $66.98.

Exxon Mobil Profile

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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

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