Aaron Wealth Advisors LLC Acquires 20,335 Shares of Exxon Mobil Corporation $XOM

Aaron Wealth Advisors LLC raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 72.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 48,502 shares of the oil and gas company’s stock after acquiring an additional 20,335 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Exxon Mobil were worth $5,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Game Plan Financial Advisors LLC grew its holdings in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at about $38,000. Bare Financial Services Inc lifted its position in shares of 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 buying an additional 201 shares in the last quarter. 1248 Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $40,000. Finally, Investment Research & Advisory Group Inc. purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $42,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $118.75, for a total value of $356,250.00. Following the completion of the transaction, the vice president owned 31,584 shares of the company’s stock, valued at approximately $3,750,600. This trade represents a 8.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 2.5%

Shares of XOM opened at $114.77 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The stock has a market capitalization of $484.00 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 7.42 and a beta of 0.38. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $120.81. The business’s 50 day simple moving average is $115.68 and its 200-day simple moving average is $112.48.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s payout ratio is presently 59.88%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research report on Monday, December 8th. Finally, Citigroup increased their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.45.

About Exxon Mobil

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.