Farther Finance Advisors LLC Purchases 28,090 Shares of Exxon Mobil Corporation $XOM

Farther Finance Advisors LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 26.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,513 shares of the oil and gas company’s stock after acquiring an additional 28,090 shares during the period. Farther Finance Advisors LLC’s holdings in Exxon Mobil were worth $15,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Axis Wealth Partners LLC lifted its stake in Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after buying an additional 90 shares during the period. Park Edge Advisors LLC increased its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after acquiring an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its position in shares of Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after acquiring an additional 91 shares during the period. Capstone Wealth Management LLC boosted its stake in Exxon Mobil by 3.8% during the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 92 shares in the last quarter. Finally, Chapin Davis Inc. boosted its stake in Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

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Analyst Upgrades and Downgrades

Several brokerages have recently commented on XOM. Barclays reduced their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Cowen reiterated a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. Citigroup upped 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. Finally, Morgan Stanley increased their target price on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $129.45.

View Our Latest Report on Exxon Mobil

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.0%

NYSE XOM opened at $119.39 on Thursday. The firm has a market capitalization of $503.49 billion, a P/E ratio of 17.35, a PEG ratio of 7.51 and a beta of 0.38. The business has a fifty day simple moving average of $116.34 and a 200 day simple moving average of $113.04. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $120.81. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data 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, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is currently 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.

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

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