Cullen Investment Group LTD. Purchases 4,622 Shares of Exxon Mobil Corporation $XOM

Cullen Investment Group LTD. increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,399 shares of the oil and gas company’s stock after buying an additional 4,622 shares during the period. Exxon Mobil accounts for 1.6% of Cullen Investment Group LTD.’s holdings, making the stock its 12th largest position. Cullen Investment Group LTD.’s holdings in Exxon Mobil were worth $12,389,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC lifted its position in shares of Exxon Mobil by 1,500.0% during the 1st 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 last quarter. 1248 Management LLC acquired a new position in shares of Exxon Mobil in the first quarter valued at approximately $40,000. Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil during the second quarter worth $38,000. Bare Financial Services Inc increased its position in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the period. Finally, Investment Research & Advisory Group Inc. bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $42,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

NYSE:XOM opened at $117.28 on Thursday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $120.81. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $115.74 and its 200 day simple moving average is $112.52. The stock has a market cap of $494.57 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 7.24 and a beta of 0.38.

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

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. This is an increase 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 3.5%. Exxon Mobil’s dividend payout ratio is 59.88%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research note on Monday, December 8th. Morgan Stanley upped their target price on Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. UBS Group restated a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Finally, Cowen reissued a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $129.45.

Insider Activity at Exxon Mobil

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 value of $356,250.00. Following the sale, the vice president directly owned 31,584 shares of the company’s stock, valued at approximately $3,750,600. This represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by corporate insiders.

About Exxon Mobil

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.