Elm Partners Management LLC Invests $619,000 in Exxon Mobil Corporation $XOM

Elm Partners Management LLC bought a new stake in Exxon Mobil Corporation (NYSE:XOM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,488 shares of the oil and gas company’s stock, valued at approximately $619,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Westfuller Advisors LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $30,000. Bare Financial Services Inc boosted 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 worth $39,000 after purchasing an additional 201 shares during the period. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil in the third quarter valued at $40,000. TruNorth Capital Management LLC raised its position in shares of Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC lifted its stake in shares of 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 worth $42,000 after buying an additional 181 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were 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 trade represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $138.51 on Tuesday. The business has a fifty day moving average price of $123.25 and a two-hundred day moving average price of $116.34. The stock has a market capitalization of $584.12 billion, a PE ratio of 20.70, a P/E/G ratio of 14.93 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $142.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $82.31 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter last year, the business earned $1.67 earnings per share. Exxon Mobil’s revenue was down 1.3% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 61.58%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XOM shares. Zacks Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Jefferies Financial Group upped their target price on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Piper Sandler dropped their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. TD Cowen restated a “buy” rating on shares of Exxon Mobil in a research note on Monday, January 26th. Finally, Bank of America increased their price objective on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $138.53.

Exxon Mobil Profile

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.