HB Wealth Management LLC Has $35.30 Million Holdings in Exxon Mobil Corporation $XOM

HB Wealth Management LLC lifted its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 18.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,078 shares of the oil and gas company’s stock after purchasing an additional 47,908 shares during the quarter. HB Wealth Management LLC’s holdings in Exxon Mobil were worth $35,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Eagle Capital Management LLC grew its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the period. Caxton Associates LLP bought a new stake in Exxon Mobil in the first quarter valued at $305,000. WBI Investments LLC acquired a new position in Exxon Mobil during the first quarter worth $266,000. Advisors Capital Management LLC lifted its holdings in shares of Exxon Mobil by 2.5% during the first quarter. Advisors Capital Management LLC now owns 106,578 shares of the oil and gas company’s stock valued at $12,675,000 after acquiring an additional 2,600 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after purchasing an additional 131,600 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the business’s 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 completion of the sale, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 1.4%

NYSE XOM opened at $124.60 on Friday. The stock has a fifty day moving average of $118.05 and a 200-day moving average of $113.87. The stock has a market capitalization of $525.44 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 7.57 and a beta of 0.37. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $125.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, equities research analysts forecast 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. Stockholders 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 annualized dividend and a dividend yield of 3.3%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Analysts Set New Price Targets

Several brokerages recently issued reports on XOM. Cowen reissued a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. Citigroup boosted their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Wells Fargo & Company raised their price target on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, Piper Sandler decreased their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $129.71.

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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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