Mutual Advisors LLC Acquires 5,948 Shares of Exxon Mobil Corporation $XOM

Mutual Advisors LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,742 shares of the oil and gas company’s stock after acquiring an additional 5,948 shares during the quarter. Mutual Advisors LLC’s holdings in Exxon Mobil were worth $12,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Westfuller Advisors LLC acquired a new stake in Exxon Mobil in the 3rd quarter worth approximately $30,000. Bare Financial Services Inc lifted its stake in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC acquired a new stake in shares of Exxon Mobil in the third quarter worth $40,000. TruNorth Capital Management LLC boosted its holdings in shares of 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 buying an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 181 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $141.43 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The business has a 50 day simple moving average of $122.80 and a 200 day simple moving average of $116.12. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $142.34. The company has a market capitalization of $596.43 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 14.84 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last issued 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. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The firm’s revenue for the quarter was down 1.3% 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 fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s payout ratio is presently 59.88%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on XOM shares. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research note on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Jefferies Financial Group upped their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research report on Monday, December 8th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.93.

Check Out Our Latest Research Report on XOM

Insider Buying and Selling

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 sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. This 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 accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Key Headlines Impacting Exxon Mobil

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Exxon Mobil 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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