Aaron Wealth Advisors LLC Increases Stock Holdings in Exxon Mobil Corporation $XOM

Aaron Wealth Advisors LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 72.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,502 shares of the oil and gas company’s stock after acquiring an additional 20,335 shares during the period. Aaron Wealth Advisors LLC’s holdings in Exxon Mobil were worth $5,469,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Game Plan Financial Advisors LLC lifted its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $38,000. Bare Financial Services Inc raised its position in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares in the last quarter. 1248 Management LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $40,000. Finally, Investment Research & Advisory Group Inc. bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $42,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. Mizuho increased their price target on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup lifted their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Melius assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.45.

Exxon Mobil Price Performance

NYSE XOM opened at $114.77 on Wednesday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81. The stock has a 50-day moving average of $115.68 and a 200 day moving average of $112.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a market capitalization of $484.00 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 7.42 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion for the quarter. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil’s payout ratio is presently 59.88%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $118.75, for a total transaction of $356,250.00. Following the transaction, the vice president directly owned 31,584 shares of the company’s stock, valued at $3,750,600. This represents a 8.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.