Secure Asset Management LLC Has $3.11 Million Holdings in Exxon Mobil Corporation $XOM

Secure Asset Management LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 18.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,763 shares of the oil and gas company’s stock after acquiring an additional 4,375 shares during the quarter. Secure Asset Management LLC’s holdings in Exxon Mobil were worth $3,109,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC raised its position in shares of 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 valued at $38,000 after buying an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil during the 2nd quarter worth $38,000. Bare Financial Services Inc raised its holdings in 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 valued at $39,000 after acquiring an additional 201 shares in the last quarter. 1248 Management LLC acquired a new position in Exxon Mobil in the 1st quarter valued at $40,000. Finally, Investment Research & Advisory Group Inc. bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $42,000. Institutional investors own 61.80% of the company’s stock.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Analyst Ratings Changes

A number of research firms recently commented on XOM. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, December 12th. BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a report on Monday, December 8th. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. Citigroup increased their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.45.

View Our Latest Stock Analysis on XOM

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 0.0%

XOM opened at $116.56 on Monday. The company has a market cap of $491.57 billion, a P/E ratio of 16.94, a PEG ratio of 7.36 and a beta of 0.38. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $115.93 and its 200-day moving average is $112.77. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $120.81.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $57.55 billion during the quarter. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is presently 59.88%.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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