Bright Futures Wealth Management LLC. Purchases Shares of 3,854 Exxon Mobil Corporation $XOM

Bright Futures Wealth Management LLC. acquired a new position in shares of Exxon Mobil Corporation (NYSE:XOM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,854 shares of the oil and gas company’s stock, valued at approximately $435,000.

Several other institutional investors have also recently modified their holdings of XOM. Maryland State Retirement & Pension System increased its position in Exxon Mobil by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after purchasing an additional 5,573 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Exxon Mobil by 3.3% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after purchasing an additional 9,831 shares during the last quarter. Capital Counsel LLC NY grew its holdings in shares of Exxon Mobil by 0.9% during the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after buying an additional 460 shares in the last quarter. HORAN Wealth LLC raised its position in shares of Exxon Mobil by 78.3% in the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after buying an additional 5,788 shares during the last quarter. Finally, Krilogy Financial LLC raised its position in shares of Exxon Mobil by 46.6% in the third quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock valued at $3,997,000 after buying an additional 11,177 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $152.55 on Monday. The business’s fifty day moving average price is $135.64 and its 200 day moving average price is $121.77. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $156.93. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $635.62 billion, a P/E ratio of 22.80, a PEG ratio of 15.82 and a beta of 0.35.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period last year, the business posted $1.67 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid 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 currently 61.58%.

Insider Buying and Selling at Exxon Mobil

In related 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 transaction of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 14,230 shares of company stock worth $1,888,421. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on XOM. BNP Paribas Exane cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price for the company. in a research note on Tuesday, February 3rd. TD Cowen raised their price objective on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Barclays lifted their price objective on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd. Mizuho set a $140.00 target price on Exxon Mobil in a research report on Wednesday, February 4th. Finally, UBS Group reissued a “buy” rating and issued a $171.00 price target on shares of Exxon Mobil in a research note on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $140.59.

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.