apricus wealth LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 17.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,220 shares of the oil and gas company’s stock after buying an additional 629 shares during the period. apricus wealth LLC’s holdings in Exxon Mobil were worth $368,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Karp Capital Management Corp purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at $28,000. Horizons Wealth Management purchased a new position in Exxon Mobil during the 2nd quarter worth $41,000. Mine & Arao Wealth Creation & Management LLC. grew its position in Exxon Mobil by 61.7% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 169 shares during the last quarter. Orion Capital Management LLC purchased a new position in Exxon Mobil during the 3rd quarter worth $44,000. Finally, Rock Creek Group LP purchased a new position in Exxon Mobil during the 2nd quarter worth $49,000. 57.49% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Stock Down 0.1 %
Shares of NYSE XOM opened at $113.15 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 52 week low of $69.81 and a 52 week high of $114.66. The firm has a 50-day moving average price of $109.54 and a 200 day moving average price of $100.08. The stock has a market capitalization of $465.98 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.91 per share. The ex-dividend date was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a yield of 3.22%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s payout ratio is presently 29.71%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on XOM. Mizuho raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $140.00 in a research report on Tuesday, January 10th. Credit Suisse Group raised their price objective on shares of Exxon Mobil to $130.00 in a research report on Tuesday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Exxon Mobil from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 18th. Morgan Stanley raised their price objective on shares of Exxon Mobil from $113.00 to $114.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 19th. Finally, Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 10th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the transaction, the vice president now owns 34,272 shares in the company, valued at $3,598,560. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.
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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