Exxon Mobil Corporation $XOM Shares Sold by ARK & TLK Investments LLC

ARK & TLK Investments LLC trimmed its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 73.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,498 shares of the oil and gas company’s stock after selling 12,166 shares during the period. ARK & TLK Investments LLC’s holdings in Exxon Mobil were worth $507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Westfuller Advisors LLC purchased a new position in Exxon Mobil during the third quarter worth approximately $30,000. Bare Financial Services Inc grew its stake in shares of Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the period. Clayton Financial Group LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth $40,000. TruNorth Capital Management LLC increased its holdings in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Exxon Mobil in the 2nd quarter worth $42,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.0%

NYSE:XOM opened at $134.93 on Friday. The stock has a market cap of $569.03 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 8.59 and a beta of 0.37. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $135.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The business’s 50-day simple moving average is $120.74 and its 200 day simple moving average is $115.28.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.16. The company had revenue of $83.33 billion for the quarter, compared to the consensus estimate of $83.09 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.Exxon Mobil’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 EPS. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. Exxon Mobil’s payout ratio is currently 59.88%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a research report on Monday, December 8th. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Wells Fargo & Company boosted their target price on Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Barclays raised their price target on shares of Exxon Mobil from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Jefferies Financial Group lifted their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.84.

Get Our Latest Stock Report on XOM

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil News Roundup

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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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