Brown Brothers Harriman & Co. Acquires 4,868 Shares of Exxon Mobil Corporation $XOM

Brown Brothers Harriman & Co. grew its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 210,893 shares of the oil and gas company’s stock after buying an additional 4,868 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Exxon Mobil were worth $23,778,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Maryland State Retirement & Pension System boosted its stake in shares of Exxon Mobil by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after purchasing an additional 5,573 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Exxon Mobil by 3.3% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after buying an additional 9,831 shares in the last quarter. Capital Counsel LLC NY lifted its holdings in Exxon Mobil by 0.9% in the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after buying an additional 460 shares during the period. HORAN Wealth LLC lifted its holdings in Exxon Mobil by 78.3% in the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after buying an additional 5,788 shares during the period. Finally, New Age Alpha Advisors LLC boosted its position in Exxon Mobil by 5.6% during the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock valued at $18,778,000 after acquiring an additional 8,853 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,150 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president owned 18,204 shares in the company, valued at $2,872,955.28. The trade was a 10.56% 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. In the last quarter, insiders sold 16,380 shares of company stock worth $2,227,734. Company insiders own 0.03% of the company’s stock.

Key Exxon Mobil News

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

Exxon Mobil Stock Up 1.8%

NYSE:XOM opened at $156.29 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a market cap of $651.20 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.26 and a beta of 0.35. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $159.60. The firm has a 50-day simple moving average of $141.99 and a two-hundred day simple moving average of $124.59.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. Analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.6%. Exxon Mobil’s dividend payout ratio is 61.58%.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Loop Capital set a $123.00 price target on Exxon Mobil in a research note on Tuesday, February 3rd. BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 price objective on shares of Exxon Mobil in a report on Wednesday, February 4th. Royal Bank Of Canada raised their price objective on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Finally, Mizuho set a $140.00 target price on shares of Exxon Mobil in a report on Wednesday, February 4th. Nine 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.00.

Read Our Latest Report on Exxon Mobil

Exxon Mobil 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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