Armstrong Advisory Group Inc. Increases Holdings in Exxon Mobil Corporation $XOM

Armstrong Advisory Group Inc. raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 21.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,702 shares of the oil and gas company’s stock after purchasing an additional 3,969 shares during the period. Armstrong Advisory Group Inc.’s holdings in Exxon Mobil were worth $2,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westfuller Advisors LLC bought a new position in shares of Exxon Mobil during the third quarter valued at approximately $30,000. Clayton Financial Group LLC bought a new stake in Exxon Mobil in the third quarter valued at $40,000. TruNorth Capital Management LLC increased its position in 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 valued at $40,000 after purchasing an additional 335 shares during the period. Bare Financial Services Inc increased its position in 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 purchasing an additional 201 shares during the period. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on XOM shares. Loop Capital set a $123.00 target price on shares of Exxon Mobil in a research report on Tuesday, February 3rd. Barclays increased their price target on shares of Exxon Mobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Royal Bank Of Canada raised their price objective on shares of Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Finally, Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and an average price target of $148.89.

Check Out Our Latest Report on XOM

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $161.01 on Tuesday. The company has a 50 day simple moving average of $146.31 and a two-hundred day simple moving average of $126.67. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $162.44. The company has a market capitalization of $670.87 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.25 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 (NYSE:XOMGet Free Report) last issued its quarterly earnings results 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. The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. Analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil’s payout ratio is 61.58%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the transaction, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 11,460 shares of company stock valued at $1,687,854 over the last 90 days. Insiders own 0.03% of the company’s stock.

More Exxon Mobil News

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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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