Farther Finance Advisors LLC Acquires 28,090 Shares of Exxon Mobil Corporation $XOM

Farther Finance Advisors LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 26.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,513 shares of the oil and gas company’s stock after buying an additional 28,090 shares during the quarter. Farther Finance Advisors LLC’s holdings in Exxon Mobil were worth $15,279,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Game Plan Financial Advisors LLC grew its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil in the second quarter valued at approximately $38,000. Bare Financial Services Inc grew its holdings in Exxon Mobil by 121.8% during the second 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. 1248 Management LLC purchased a new stake in Exxon Mobil in the first quarter worth $40,000. Finally, Investment Research & Advisory Group Inc. bought a new stake in shares of Exxon Mobil in the second quarter valued at $42,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.0%

Shares of XOM stock opened at $119.39 on Thursday. The business has a 50-day moving average of $116.34 and a 200 day moving average of $113.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $120.81. The stock has a market capitalization of $503.49 billion, a PE ratio of 17.35, a P/E/G ratio of 7.51 and a beta of 0.38.

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

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research note on Tuesday, December 9th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Cowen reiterated a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.45.

View Our Latest Stock Report on Exxon Mobil

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil News Summary

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

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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