Exxon Mobil Corporation $XOM Shares Acquired by Global Assets Advisory LLC

Global Assets Advisory LLC increased its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,556 shares of the oil and gas company’s stock after acquiring an additional 10,123 shares during the period. Exxon Mobil makes up about 3.4% of Global Assets Advisory LLC’s holdings, making the stock its 3rd largest holding. Global Assets Advisory LLC’s holdings in Exxon Mobil were worth $11,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eagle Capital Management LLC raised its holdings in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $305,000. Sivia Capital Partners LLC grew its position in shares of Exxon Mobil by 1.9% during 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 last quarter. Kooman & Associates increased its holdings in shares of Exxon Mobil by 5.8% in the 2nd quarter. Kooman & Associates now owns 6,128 shares of the oil and gas company’s stock valued at $661,000 after acquiring an additional 336 shares during the period. Finally, Ruffer LLP raised its position in Exxon Mobil by 12.5% in the 2nd quarter. Ruffer LLP now owns 276,717 shares of the oil and gas company’s stock valued at $29,829,000 after purchasing an additional 30,787 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup raised their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Morgan Stanley decreased their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday. Barclays boosted their price target on Exxon Mobil from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Sanford C. Bernstein lowered their target price 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $131.84.

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Exxon Mobil Trading Up 1.0%

Shares of XOM opened at $134.93 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $135.98. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $569.03 billion, a P/E ratio of 19.61, a PEG ratio of 8.59 and a beta of 0.37. The firm’s 50-day moving average is $120.74 and its two-hundred day moving average is $115.28.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results 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 net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. During the same period last year, the firm earned $1.92 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, research analysts predict 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. Stockholders of record on Friday, November 14th were given a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Key Stories Impacting Exxon Mobil

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About Exxon Mobil

(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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