Trustcore Financial Services LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Trustcore Financial Services LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 7.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,199 shares of the oil and gas company’s stock after purchasing an additional 1,612 shares during the period. Trustcore Financial Services LLC’s holdings in Exxon Mobil were worth $2,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Karp Capital Management Corp purchased a new position in shares of Exxon Mobil in the third quarter worth about $28,000. Horizons Wealth Management purchased a new position in shares of Exxon Mobil in the second quarter worth about $41,000. Mine & Arao Wealth Creation & Management LLC. lifted its stake in shares of Exxon Mobil by 61.7% in 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 buying an additional 169 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of Exxon Mobil in the third quarter worth about $44,000. Finally, Rock Creek Group LP purchased a new position in shares of Exxon Mobil in the second quarter worth about $49,000. 57.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 owns 34,272 shares in the company, valued at $3,598,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Up 1.8 %

Shares of XOM stock opened at $113.35 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. The stock has a market capitalization of $466.81 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11. The company has a 50 day moving average price of $109.56 and a 200 day moving average price of $100.82. Exxon Mobil Co. has a fifty-two week low of $69.81 and a fifty-two week high of $114.66.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. The firm 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 quarterly revenue was up 51.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 earnings per share. Equities research analysts predict that Exxon Mobil Co. will post 13.92 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were issued a $0.91 dividend. The ex-dividend date was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.21%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. Exxon Mobil’s payout ratio is 29.71%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Exane BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price target on the stock in a research note on Tuesday, November 1st. HSBC raised their price target on shares of Exxon Mobil to $111.00 in a research note on Friday, December 2nd. Morgan Stanley lifted their target price on shares of Exxon Mobil from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 19th. BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 target price on the stock in a research note on Tuesday, November 1st. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $114.35.

About Exxon Mobil

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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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