Inscription Capital LLC Increases Stock Position in Exxon Mobil Corporation $XOM

Inscription Capital LLC raised its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,555 shares of the oil and gas company’s stock after acquiring an additional 5,687 shares during the quarter. Exxon Mobil makes up 0.9% of Inscription Capital LLC’s investment portfolio, making the stock its 22nd largest position. Inscription Capital LLC’s holdings in Exxon Mobil were worth $7,955,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Capital Management LLC lifted its holdings in 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 worth $337,000 after buying an additional 376 shares during the period. Caxton Associates LLP bought a new position in shares of Exxon Mobil during the first quarter valued at approximately $305,000. Sivia Capital Partners LLC lifted its stake in Exxon Mobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares during the period. Rooted Wealth Advisors Inc. boosted its holdings in Exxon Mobil by 37.7% in the second quarter. Rooted Wealth Advisors Inc. now owns 5,998 shares of the oil and gas company’s stock valued at $692,000 after acquiring an additional 1,641 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its position in Exxon Mobil by 1.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 273,413 shares of the oil and gas company’s stock valued at $29,474,000 after purchasing an additional 3,589 shares during the period. 61.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XOM. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Friday. TD Cowen upped their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Morgan Stanley increased their target price on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $130.25.

Read Our Latest Stock Analysis on XOM

Exxon Mobil News Summary

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

Exxon Mobil Stock Performance

Shares of XOM opened at $130.41 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock has a market cap of $549.96 billion, a P/E ratio of 18.95, a P/E/G ratio of 8.05 and a beta of 0.37. The business’s 50 day moving average price is $119.81 and its 200-day moving average price is $114.85. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $131.94.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $83.33 billion during the quarter, compared to analysts’ expectations of $83.09 billion. During the same quarter in the previous year, the business earned $1.92 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 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

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

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