Crestwood Advisors Group LLC Grows Holdings in Exxon Mobil Corporation $XOM

Crestwood Advisors Group LLC raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,676 shares of the oil and gas company’s stock after purchasing an additional 4,891 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Exxon Mobil were worth $14,960,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 15.3% during 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 in the last quarter. Caxton Associates LLP purchased a new stake in Exxon Mobil in the first quarter worth about $305,000. Sivia Capital Partners LLC grew its holdings in Exxon Mobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares in the last quarter. Castellan Group increased its position in Exxon Mobil by 2.9% during the 2nd quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock valued at $2,853,000 after purchasing an additional 740 shares during the period. Finally, Riverbend Wealth Management LLC lifted its position in shares of Exxon Mobil by 8.6% in the 2nd quarter. Riverbend Wealth Management LLC now owns 6,487 shares of the oil and gas company’s stock worth $699,000 after purchasing an additional 514 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on XOM shares. BNP Paribas Exane lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective on the stock. in a report on Tuesday, February 3rd. Mizuho set a $140.00 price target on Exxon Mobil in a report on Wednesday, February 4th. Citigroup boosted their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.59.

Exxon Mobil Stock Down 1.0%

Shares of XOM stock opened at $148.47 on Tuesday. The stock’s fifty day moving average price is $129.91 and its 200 day moving average price is $119.08. 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 1-year low of $97.80 and a 1-year high of $156.93. The company has a market cap of $626.12 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 15.40 and a beta of 0.39.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the completion of the transaction, the vice president owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 14,230 shares of company stock worth $1,888,421. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Company 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.