Berkshire Bank Purchases 570 Shares of Exxon Mobil Co. (NYSE:XOM)

Berkshire Bank lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,349 shares of the oil and gas company’s stock after purchasing an additional 570 shares during the quarter. Berkshire Bank’s holdings in Exxon Mobil were worth $3,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in XOM. Bull Street Advisors LLC raised its stake in Exxon Mobil by 0.5% in the second quarter. Bull Street Advisors LLC now owns 31,856 shares of the oil and gas company’s stock valued at $2,009,000 after purchasing an additional 170 shares in the last quarter. Salem Capital Management Inc. grew its position in Exxon Mobil by 4.6% during the second quarter. Salem Capital Management Inc. now owns 3,926 shares of the oil and gas company’s stock valued at $248,000 after acquiring an additional 174 shares during the last quarter. Capital Wealth Planning LLC grew its position in Exxon Mobil by 0.8% during the second quarter. Capital Wealth Planning LLC now owns 21,165 shares of the oil and gas company’s stock valued at $1,335,000 after acquiring an additional 175 shares during the last quarter. SMH Capital Advisors Inc. grew its position in Exxon Mobil by 4.6% during the second quarter. SMH Capital Advisors Inc. now owns 4,039 shares of the oil and gas company’s stock valued at $255,000 after acquiring an additional 176 shares during the last quarter. Finally, Madison Wealth Management grew its position in Exxon Mobil by 1.7% during the second quarter. Madison Wealth Management now owns 10,957 shares of the oil and gas company’s stock valued at $691,000 after acquiring an additional 179 shares during the last quarter. 51.66% of the stock is currently owned by institutional investors.

Exxon Mobil stock traded up $0.35 on Thursday, hitting $63.48. 15,866,039 shares of the stock traded hands, compared to its average volume of 24,373,887. The company has a current ratio of 0.90, a quick ratio of 0.58 and a debt-to-equity ratio of 0.26. The firm has a market cap of $268.75 billion, a P/E ratio of -45.67, a price-to-earnings-growth ratio of 0.90 and a beta of 1.37. The business’s fifty day simple moving average is $61.91 and its 200 day simple moving average is $59.90. Exxon Mobil Co. has a 1 year low of $37.97 and a 1 year high of $66.38.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 10th. Shareholders of record on Friday, November 12th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 10th. This represents a $3.52 annualized dividend and a yield of 5.55%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.87. Exxon Mobil’s dividend payout ratio (DPR) is currently -253.24%.

XOM has been the topic of a number of recent research reports. Truist cut shares of Exxon Mobil from a “hold” rating to a “sell” rating and reduced their price target for the company from $66.00 to $50.00 in a research report on Tuesday, November 2nd. Truist Securities cut shares of Exxon Mobil from a “hold” rating to a “sell” rating and cut their target price for the stock from $66.00 to $50.00 in a report on Tuesday, November 2nd. The Goldman Sachs Group set a $71.00 target price on shares of Exxon Mobil in a report on Monday, November 1st. Exane BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $60.00 target price on the stock. in a report on Monday, October 11th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Exxon Mobil in a report on Thursday, October 21st. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $61.94.

In related news, Director Michael J. Angelakis purchased 5,000 shares of the stock in a transaction dated Wednesday, November 3rd. The stock was purchased at an average price of $64.00 per share, with a total value of $320,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by insiders.

Exxon Mobil Company 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.

Further Reading: Price-Sales Ratio

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

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