Drummond Knight Asset Management Pty Ltd Raises Holdings in Exxon Mobil Corporation $XOM

Drummond Knight Asset Management Pty Ltd raised its holdings in Exxon Mobil Corporation (NYSE:XOM) by 55.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,133 shares of the oil and gas company’s stock after purchasing an additional 77,740 shares during the quarter. Exxon Mobil accounts for 7.5% of Drummond Knight Asset Management Pty Ltd’s investment portfolio, making the stock its 8th largest position. Drummond Knight Asset Management Pty Ltd’s holdings in Exxon Mobil were worth $24,482,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XOM. Revolve Wealth Partners LLC boosted its holdings in shares of Exxon Mobil by 20.5% in the 3rd quarter. Revolve Wealth Partners LLC now owns 11,222 shares of the oil and gas company’s stock worth $1,265,000 after buying an additional 1,908 shares during the last quarter. Voisard Asset Management Group Inc. increased its holdings in Exxon Mobil by 19.5% during the third quarter. Voisard Asset Management Group Inc. now owns 6,340 shares of the oil and gas company’s stock worth $715,000 after buying an additional 1,033 shares during the last quarter. Welch Group LLC raised its position in Exxon Mobil by 1.6% in the third quarter. Welch Group LLC now owns 544,075 shares of the oil and gas company’s stock worth $61,344,000 after acquiring an additional 8,577 shares during the period. True North Advisors LLC boosted its stake in Exxon Mobil by 5.4% in the third quarter. True North Advisors LLC now owns 68,004 shares of the oil and gas company’s stock valued at $7,667,000 after acquiring an additional 3,491 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC grew its position in shares of Exxon Mobil by 1.0% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 17,241 shares of the oil and gas company’s stock valued at $1,944,000 after acquiring an additional 172 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $119.39 on Friday. The company’s 50 day simple moving average is $116.52 and its two-hundred day simple moving average is $113.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $120.81. The stock has a market capitalization of $503.49 billion, a PE ratio of 17.35, a P/E/G ratio of 7.49 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last released 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 for the quarter. Analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is 59.88%.

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on XOM shares. Citigroup lifted their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Mizuho increased their price target on Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.45.

Exxon Mobil Company Profile

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.