Avant Capital LLC Purchases 5,047 Shares of Exxon Mobil Corporation $XOM

Avant Capital LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 85.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,956 shares of the oil and gas company’s stock after acquiring an additional 5,047 shares during the quarter. Exxon Mobil accounts for 0.9% of Avant Capital LLC’s holdings, making the stock its 29th biggest position. Avant Capital LLC’s holdings in Exxon Mobil were worth $1,235,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Norges Bank bought a new position in Exxon Mobil in the second quarter valued at $6,163,719,000. First Trust Advisors LP lifted its position in Exxon Mobil by 150.2% during the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after buying an additional 4,563,707 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after buying an additional 4,015,099 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 10,809.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after acquiring an additional 3,066,736 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Exxon Mobil by 119.4% in the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock valued at $301,310,000 after acquiring an additional 1,454,308 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley reduced their price target on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. TD Cowen increased their price objective on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. UBS Group reissued a “buy” rating and issued a $171.00 target price on shares of Exxon Mobil in a research note on Monday, February 2nd. Loop Capital set a $123.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $140.59.

View Our Latest Analysis on Exxon Mobil

More Exxon Mobil News

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Exxon Mobil Stock Down 1.0%

XOM opened at $149.31 on Wednesday. The stock’s fifty day simple moving average is $133.64 and its 200 day simple moving average is $120.85. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $156.93. The stock has a market cap of $622.16 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 15.64 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data 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. The firm had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend 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 firm’s stock in a transaction that occurred 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 sale, the vice president directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 14,230 shares of company stock worth $1,888,421 in the last three months. Company insiders own 0.03% of the company’s stock.

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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