HF Advisory Group LLC Raises Stake in Exxon Mobil Corporation $XOM

HF Advisory Group LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 159.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,207 shares of the oil and gas company’s stock after buying an additional 40,716 shares during the period. HF Advisory Group LLC’s holdings in Exxon Mobil were worth $7,967,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC increased its stake in Exxon Mobil by 200.7% in the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Exxon Mobil by 218.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock worth $155,696,000 after purchasing an additional 2,546,791 shares in the last quarter. AQR Capital Management LLC lifted its position in Exxon Mobil by 105.4% during the third quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock valued at $329,797,000 after purchasing an additional 1,501,235 shares during the period. Finally, Bessemer Group Inc. boosted its position in Exxon Mobil by 119.4% in the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after purchasing an additional 1,454,308 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction dated 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 sale, the vice president directly owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. The trade was a 5.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 11,460 shares of company stock worth $1,687,854 in the last three months. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $160.63 on Friday. 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 $669.31 billion, a P/E ratio of 24.01, a PEG ratio of 1.11 and a beta of 0.29. The company has a 50 day moving average price of $152.53 and a 200 day moving average price of $129.95. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $176.41.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target on the stock. in a report on Tuesday, February 3rd. Mizuho upped their price target on shares of Exxon Mobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Citigroup raised their price objective on Exxon Mobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a report on Wednesday, February 4th. Finally, Morgan Stanley increased their price target on shares of Exxon Mobil from $134.00 to $172.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $152.39.

Check Out Our Latest Stock Analysis on XOM

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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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