Exchange Traded Concepts LLC Grows Stake in Exxon Mobil Corporation $XOM

Exchange Traded Concepts LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 22.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 372,877 shares of the oil and gas company’s stock after purchasing an additional 67,902 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Exxon Mobil were worth $42,042,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XOM. Abner Herrman & Brock LLC lifted its holdings in shares of Exxon Mobil by 1.2% in the 3rd quarter. Abner Herrman & Brock LLC now owns 127,565 shares of the oil and gas company’s stock worth $14,383,000 after acquiring an additional 1,455 shares during the last quarter. Northwest Wealth Management LLC lifted its stake in Exxon Mobil by 7.4% in the third quarter. Northwest Wealth Management LLC now owns 11,682 shares of the oil and gas company’s stock worth $1,317,000 after purchasing an additional 806 shares during the last quarter. Somerset Trust Co lifted its stake in Exxon Mobil by 10.6% in the third quarter. Somerset Trust Co now owns 2,088 shares of the oil and gas company’s stock worth $235,000 after purchasing an additional 200 shares during the last quarter. Builder Investment Group Inc. ADV boosted its position in shares of Exxon Mobil by 6.2% during the third quarter. Builder Investment Group Inc. ADV now owns 77,674 shares of the oil and gas company’s stock valued at $8,758,000 after buying an additional 4,560 shares during the period. Finally, Cohen Investment Advisors LLC grew its stake in shares of Exxon Mobil by 4.9% during the third quarter. Cohen Investment Advisors LLC now owns 36,195 shares of the oil and gas company’s stock valued at $4,081,000 after buying an additional 1,689 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on XOM shares. BNP Paribas raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Citigroup lifted their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Jefferies Financial Group boosted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, TD Cowen boosted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.45.

Get Our Latest Research Report on Exxon Mobil

Trending Headlines about Exxon Mobil

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

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 1.0%

Shares of Exxon Mobil stock opened at $119.35 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The stock has a market cap of $503.32 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 7.43 and a beta of 0.38. The firm’s 50-day moving average is $116.19 and its two-hundred day moving average is $113.00. 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 announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share 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 during the quarter. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal 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 dividend of $1.03 per share. 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 annualized dividend and a yield of 3.5%. Exxon Mobil’s payout ratio is 59.88%.

Exxon Mobil Company Profile

(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.

See Also

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.