Exxon Mobil Corporation $XOM Stock Holdings Lowered by Atlas Private Wealth Advisors

Atlas Private Wealth Advisors trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 72.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,587 shares of the oil and gas company’s stock after selling 9,406 shares during the period. Atlas Private Wealth Advisors’ holdings in Exxon Mobil were worth $404,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Westfuller Advisors LLC purchased a new position in Exxon Mobil in the 3rd quarter worth about $30,000. Bare Financial Services Inc raised its position in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the period. Clayton Financial Group LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth about $40,000. TruNorth Capital Management LLC boosted its position in Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its stake in Exxon Mobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Key Stories Impacting Exxon Mobil

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a report on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. UBS Group restated a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. Jefferies Financial Group increased their price objective on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.93.

View Our Latest Stock Analysis on XOM

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.7%

XOM opened at $141.43 on Friday. The business has a 50 day moving average of $122.80 and a 200-day moving average of $116.10. The stock has a market capitalization of $596.43 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 14.84 and a beta of 0.37. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $142.34.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. The firm had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. Exxon Mobil’s payout ratio is currently 59.88%.

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.

See Also

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

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