Archford Capital Strategies LLC Reduces Holdings in Exxon Mobil Corporation $XOM

Archford Capital Strategies LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 34.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,202 shares of the oil and gas company’s stock after selling 11,637 shares during the quarter. Archford Capital Strategies LLC’s holdings in Exxon Mobil were worth $2,672,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XOM. Northern Trust Corp increased its stake in shares of Exxon Mobil by 1.0% in the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after buying an additional 445,283 shares during the period. Franklin Resources Inc. grew its holdings in Exxon Mobil by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after acquiring an additional 2,660,910 shares during the last quarter. Capital Research Global Investors grew its holdings in Exxon Mobil by 0.4% in the 3rd quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company’s stock worth $3,790,773,000 after acquiring an additional 127,466 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Exxon Mobil by 1.1% in the third quarter. Fisher Asset Management LLC now owns 31,194,493 shares of the oil and gas company’s stock valued at $3,517,179,000 after acquiring an additional 340,785 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Exxon Mobil by 4.5% in the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company’s stock valued at $2,299,687,000 after acquiring an additional 886,087 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil News Summary

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on XOM shares. UBS Group reiterated a “buy” rating and set a $171.00 target price on shares of Exxon Mobil in a report on Monday, February 2nd. Royal Bank Of Canada boosted their price target on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. HSBC increased their price objective on Exxon Mobil from $135.00 to $158.00 and gave the stock a “hold” rating in a report on Friday, March 20th. BNP Paribas Exane lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective on the stock. in a research report on Tuesday, February 3rd. Finally, Piper Sandler boosted their target price on Exxon Mobil from $145.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $152.39.

Check Out Our Latest Research Report on XOM

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $160.63 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The company’s 50-day moving average is $152.01 and its 200 day moving average is $129.50. The stock has a market capitalization of $669.31 billion, a P/E ratio of 24.01, a P/E/G ratio of 1.11 and a beta of 0.29.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the transaction, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 11,460 shares of company stock worth $1,687,854 in the last 90 days. Insiders own 0.03% of the company’s stock.

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.

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

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