AE Wealth Management LLC Buys 80,696 Shares of Exxon Mobil Corporation $XOM

AE Wealth Management LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 926,457 shares of the oil and gas company’s stock after buying an additional 80,696 shares during the quarter. Exxon Mobil comprises 0.7% of AE Wealth Management LLC’s portfolio, making the stock its 28th largest position. AE Wealth Management LLC’s holdings in Exxon Mobil were worth $104,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Eagle Capital Management LLC grew its position 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 worth $337,000 after buying an additional 376 shares during the period. Caxton Associates LLP bought a new stake in Exxon Mobil during the first quarter worth about $305,000. Sivia Capital Partners LLC grew its holdings 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 purchasing an additional 207 shares during the period. Clean Yield Group increased its stake in shares of Exxon Mobil by 3.1% during the second quarter. Clean Yield Group now owns 4,043 shares of the oil and gas company’s stock valued at $436,000 after purchasing an additional 122 shares in the last quarter. Finally, First County Bank CT lifted its holdings in shares of Exxon Mobil by 1.7% during the second quarter. First County Bank CT now owns 33,889 shares of the oil and gas company’s stock valued at $3,653,000 after purchasing an additional 580 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Trending Headlines about Exxon Mobil

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Exxon Mobil Price Performance

NYSE XOM opened at $137.70 on Thursday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $138.01. The stock has a 50-day moving average of $121.84 and a 200 day moving average of $115.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a market capitalization of $580.69 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 8.92 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last announced 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 firm had revenue of $83.33 billion for the quarter, compared to the consensus estimate of $83.09 billion. During the same quarter last year, the firm posted $1.92 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Exxon Mobil’s payout ratio is presently 59.88%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on XOM shares. TD Cowen restated a “buy” rating on shares of Exxon Mobil in a research note on Monday. Jefferies Financial Group increased their target price on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Piper Sandler lowered their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Barclays upped their price target on shares of Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, Zacks Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.74.

View Our Latest Analysis on Exxon Mobil

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.

Further Reading

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

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