One Day In July LLC grew its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,580 shares of the oil and gas company’s stock after purchasing an additional 318 shares during the period. One Day In July LLC’s holdings in Exxon Mobil were worth $487,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Karp Capital Management Corp acquired a new stake in shares of Exxon Mobil during the third quarter worth $28,000. Mine & Arao Wealth Creation & Management LLC. raised its holdings in shares of Exxon Mobil by 61.7% during the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 169 shares during the period. Horizons Wealth Management acquired a new stake in shares of Exxon Mobil during the second quarter worth $41,000. Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $44,000. Finally, Turim 21 Investimentos Ltda. raised its holdings in shares of Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares during the period. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
XOM has been the subject of a number of analyst reports. Mizuho raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $140.00 in a research report on Tuesday, January 10th. Morgan Stanley raised their target price on shares of Exxon Mobil from $113.00 to $114.00 and gave the company an “overweight” rating in a research report on Wednesday, October 19th. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $120.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, January 10th. Barclays raised their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Finally, Jefferies Financial Group raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $133.00 in a research report on Wednesday, October 19th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.41.
Exxon Mobil Price Performance
Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating the consensus estimate of $3.88 by $0.57. The company had revenue of $112.07 billion during the quarter, compared to analysts’ expectations of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The business’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 EPS. Analysts forecast that Exxon Mobil Co. will post 13.87 EPS for the current year.
Exxon Mobil Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were given a $0.91 dividend. The ex-dividend date was Monday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s payout ratio is presently 29.71%.
In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the transaction, the vice president now directly owns 34,272 shares in the company, valued at approximately $3,598,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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