Asempa Wealth Advisors Makes New $1.41 Million Investment in Exxon Mobil Corporation $XOM

Asempa Wealth Advisors acquired a new stake in Exxon Mobil Corporation (NYSE:XOMFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,678 shares of the oil and gas company’s stock, valued at approximately $1,405,000. Exxon Mobil accounts for approximately 1.2% of Asempa Wealth Advisors’ holdings, making the stock its 26th largest holding.

A number of other hedge funds also recently made changes to their positions in XOM. Ipsen Advisor Group LLC raised its stake in Exxon Mobil by 1.6% in the 3rd quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after acquiring an additional 88 shares during the period. Nexus Investment Management ULC boosted its position in Exxon Mobil by 1.6% during the third quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after purchasing an additional 89 shares during the period. Sagace Wealth Management LLC boosted its position in Exxon Mobil by 2.7% during the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after purchasing an additional 90 shares during the period. Creative Capital Management Investments LLC increased its holdings in shares of Exxon Mobil by 2.5% in the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after purchasing an additional 91 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of Exxon Mobil by 2.4% in the third quarter. Tortoise Investment Management LLC now owns 3,900 shares of the oil and gas company’s stock valued at $440,000 after purchasing an additional 91 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 11,460 shares of company stock worth $1,687,854 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Up 2.5%

Shares of Exxon Mobil stock opened at $165.22 on Wednesday. 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 50-day moving average of $147.09 and a 200-day moving average of $127.07. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $167.48. The stock has a market cap of $688.42 billion, a PE ratio of 24.70, a PEG ratio of 1.26 and a beta of 0.35.

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 net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same period last year, the firm earned $1.67 earnings per share. Exxon Mobil’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. BMO Capital Markets restated a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Mizuho increased their price target on shares of Exxon Mobil from $140.00 to $162.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Royal Bank Of Canada raised their price objective on shares of Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Finally, Sanford C. Bernstein reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Nine investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $148.89.

View 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.

Further Reading

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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