Cary Street Partners Financial LLC Has $14.03 Million Stock Position in Exxon Mobil Corporation $XOM

Cary Street Partners Financial LLC lessened its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,442 shares of the oil and gas company’s stock after selling 7,168 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Exxon Mobil were worth $14,031,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT raised its holdings in Exxon Mobil by 2.2% during the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 733,174 shares of the oil and gas company’s stock worth $82,665,000 after purchasing an additional 16,131 shares during the last quarter. Vawter Financial Ltd. bought a new position in shares of Exxon Mobil in the 3rd quarter valued at about $271,000. Waddell & Associates LLC grew its position in shares of Exxon Mobil by 19.2% during the 3rd quarter. Waddell & Associates LLC now owns 19,367 shares of the oil and gas company’s stock worth $2,184,000 after buying an additional 3,121 shares during the period. Zhang Financial LLC lifted its holdings in Exxon Mobil by 15.3% in the third quarter. Zhang Financial LLC now owns 31,811 shares of the oil and gas company’s stock valued at $3,587,000 after buying an additional 4,224 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its stake in Exxon Mobil by 0.9% in the third quarter. Prestige Wealth Management Group LLC now owns 25,512 shares of the oil and gas company’s stock valued at $2,876,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil News Roundup

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

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 14,230 shares of company stock valued at $1,888,421 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on XOM shares. Mizuho set a $140.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 4th. TD Cowen lifted their price objective on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Barclays upped their price objective on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $140.59.

Get Our Latest Report on Exxon Mobil

Exxon Mobil Stock Down 1.0%

NYSE:XOM opened at $149.31 on Wednesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $156.93. The stock has a 50-day moving average price of $133.64 and a two-hundred day moving average price of $120.85. The stock has a market cap of $622.16 billion, a price-to-earnings ratio of 22.32, a PEG 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 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 $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter last year, the firm posted $1.67 earnings per share. Exxon Mobil’s revenue was down 1.3% compared to the same quarter last year. As a group, equities 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 paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Exxon Mobil’s payout ratio is presently 61.58%.

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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