Oakworth Capital Inc. Purchases 14,585 Shares of Exxon Mobil Corporation $XOM

Oakworth Capital Inc. boosted its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 57.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,027 shares of the oil and gas company’s stock after buying an additional 14,585 shares during the period. Oakworth Capital Inc.’s holdings in Exxon Mobil were worth $4,513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Nexus Investment Management ULC lifted its holdings in shares of Exxon Mobil by 1.6% in the third quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after acquiring an additional 89 shares during the last quarter. Sagace Wealth Management LLC increased its position in Exxon Mobil by 2.7% during the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after purchasing an additional 90 shares in the last quarter. Creative Capital Management Investments LLC increased its position in Exxon Mobil by 2.5% during the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after purchasing an additional 91 shares in the last quarter. Capstone Wealth Management LLC lifted its stake in Exxon Mobil by 3.8% in the 3rd quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 92 shares during the last quarter. Finally, Cascade Investment Group Inc. boosted its position in Exxon Mobil by 2.1% in the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 93 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XOM. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research note on Monday, December 8th. Bank of America boosted their price target on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Zacks Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Mizuho upped their price target on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.93.

Get Our Latest Report on Exxon Mobil

Exxon Mobil Stock Up 0.7%

Shares of NYSE XOM opened at $141.43 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $142.34. 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 firm has a market cap of $596.43 billion, a PE ratio of 20.56, a P/E/G ratio of 14.84 and a beta of 0.37. The company’s fifty day simple moving average is $122.80 and its 200 day simple moving average is $116.12.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $77.98 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil News Roundup

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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.

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

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