RFG Advisory LLC Sells 3,509 Shares of Exxon Mobil Corporation $XOM

RFG Advisory LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 70,032 shares of the oil and gas company’s stock after selling 3,509 shares during the period. RFG Advisory LLC’s holdings in Exxon Mobil were worth $7,896,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of XOM. Westfuller Advisors LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at $30,000. Bare Financial Services Inc grew its position in Exxon Mobil by 121.8% during the second 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 purchased a new stake in Exxon Mobil during the third quarter worth about $40,000. TruNorth Capital Management LLC raised its position in Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC boosted its stake in Exxon Mobil by 95.8% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

More Exxon Mobil News

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

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction 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 transaction, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 11,000 shares of company stock worth $1,406,570. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on XOM shares. Jefferies Financial Group lifted their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. TD Cowen boosted their target price on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 price target on shares of Exxon Mobil in a research report on Wednesday. Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Citigroup upped their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $140.59.

Read Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Performance

Shares of XOM opened at $149.28 on Monday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $149.57. The stock’s 50-day simple moving average is $125.78 and its 200 day simple moving average is $117.41. 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 stock has a market capitalization of $629.54 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 15.49 and a beta of 0.39.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $82.31 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

About Exxon Mobil

(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.

See Also

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

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