Dover Advisors LLC Acquires 3,658 Shares of Exxon Mobil Corporation $XOM

Dover Advisors LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 15.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,744 shares of the oil and gas company’s stock after acquiring an additional 3,658 shares during the period. Exxon Mobil comprises approximately 1.2% of Dover Advisors LLC’s holdings, making the stock its 16th largest position. Dover Advisors LLC’s holdings in Exxon Mobil were worth $3,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westfuller Advisors LLC bought a new position in shares of Exxon Mobil in the third quarter worth about $30,000. Bare Financial Services Inc increased its holdings in Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares in the last quarter. Clayton Financial Group LLC bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $40,000. TruNorth Capital Management LLC lifted its holdings in Exxon Mobil by 1,595.2% during 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 in the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of Exxon Mobil by 95.8% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil News Roundup

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

Exxon Mobil Trading Down 2.6%

Shares of XOM stock opened at $147.12 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $156.93. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $132.29 and its 200-day moving average price is $120.14. The stock has a market capitalization of $613.00 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 15.28 and a beta of 0.39.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating 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 $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the transaction, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 14,230 shares of company stock worth $1,888,421 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on XOM shares. Sanford C. Bernstein lowered their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. BNP Paribas Exane cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price for the company. in a research report on Tuesday, February 3rd. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Finally, Bank of America upped their price target on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $140.59.

Get Our Latest Stock Report on XOM

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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