5,094 Shares in Exxon Mobil Corporation $XOM Purchased by Abich Financial Wealth Management LLC

Abich Financial Wealth Management LLC purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,094 shares of the oil and gas company’s stock, valued at approximately $574,000. Exxon Mobil accounts for 0.2% of Abich Financial Wealth Management LLC’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds have also recently bought and sold shares of XOM. Vanguard Group Inc. boosted its position in Exxon Mobil by 0.3% during the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after purchasing an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock worth $10,345,132,000 after buying an additional 342,967 shares during the last quarter. Norges Bank bought a new stake in Exxon Mobil during the second quarter valued at about $6,163,719,000. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after purchasing an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 3.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after acquiring an additional 1,126,912 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. TD Cowen boosted their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Sanford C. Bernstein dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, UBS Group restated a “buy” rating and issued a $171.00 price objective on shares of Exxon Mobil in a report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $140.59.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the transaction, the vice president directly owned 20,354 shares of the company’s stock, valued at $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 14,230 shares of company stock worth $1,888,421. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 3.5%

Shares of Exxon Mobil stock opened at $150.16 on Friday. The business’s 50 day simple moving average is $128.62 and its 200 day simple moving average is $118.47. 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 $633.23 billion, a PE ratio of 22.44, a P/E/G ratio of 16.18 and a beta of 0.39. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $156.93.

Exxon Mobil (NYSE:XOM) last released 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. The business had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.Exxon Mobil’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. On average, 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 will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Exxon Mobil Profile

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.