Miracle Mile Advisors LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Miracle Mile Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,806 shares of the oil and gas company’s stock after purchasing an additional 1,109 shares during the period. Miracle Mile Advisors LLC’s holdings in Exxon Mobil were worth $2,080,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. KB Financial Partners LLC bought a new stake in Exxon Mobil in the first quarter worth $27,000. IMA Wealth Inc. increased its holdings in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares during the period. FWL Investment Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $43,000. Turim 21 Investimentos Ltda. boosted its holdings in Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. bought a new position in Exxon Mobil during the 3rd quarter worth approximately $49,000. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. UBS Group dropped their price target on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Finally, Mizuho upped their price target on Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.47.

View Our Latest Research Report on Exxon Mobil

Exxon Mobil Price Performance

Shares of XOM stock opened at $116.95 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The stock has a market cap of $464.04 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 4.26 and a beta of 0.96. The business’s fifty day moving average is $106.11 and its 200 day moving average is $105.89. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same period last year, the business earned $3.40 EPS. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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

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