Exxon Mobil Corporation $XOM Shares Bought by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 219,721 shares of the oil and gas company’s stock after acquiring an additional 7,194 shares during the quarter. Exxon Mobil accounts for about 2.4% of ARS Wealth Advisors Group LLC’s investment portfolio, making the stock its 12th biggest position. ARS Wealth Advisors Group LLC’s holdings in Exxon Mobil were worth $26,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Exxon Mobil during the second quarter valued at approximately $6,163,719,000. First Trust Advisors LP grew its position in shares of Exxon Mobil by 150.2% in 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 acquiring an additional 4,563,707 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Exxon Mobil by 200.7% in the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after acquiring an additional 4,015,099 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Exxon Mobil by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after acquiring an additional 2,660,910 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Exxon Mobil by 218.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after acquiring an additional 2,546,791 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $165.43 on Friday. The firm has a fifty day moving average of $148.48 and a 200-day moving average of $127.58. The company has a market cap of $689.31 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.28 and a beta of 0.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $167.48.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were issued 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 of this dividend was Thursday, February 12th. Exxon Mobil’s payout ratio is 61.58%.

Insider Activity

In other news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 11,460 shares of company stock worth $1,687,854 in the last three months. Insiders own 0.03% of the company’s stock.

Key Headlines Impacting Exxon Mobil

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. HSBC lifted their price target on shares of Exxon Mobil from $135.00 to $158.00 and gave the company a “hold” rating in a report on Friday, March 20th. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $155.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $148.89.

Check Out Our Latest Research 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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