Cwm LLC Acquires 137,102 Shares of Exxon Mobil Corporation $XOM

Cwm LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 17.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 909,029 shares of the oil and gas company’s stock after buying an additional 137,102 shares during the quarter. Cwm LLC’s holdings in Exxon Mobil were worth $102,493,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Busey Bank grew its stake in shares of Exxon Mobil by 4.3% in the 3rd quarter. Busey Bank now owns 215,185 shares of the oil and gas company’s stock valued at $24,262,000 after purchasing an additional 8,951 shares during the period. Clayton Financial Group LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at $40,000. Secured Retirement Advisors LLC bought a new stake in Exxon Mobil in the third quarter valued at $2,013,000. Whitener Capital Management Inc. raised its stake in Exxon Mobil by 2.2% during the third quarter. Whitener Capital Management Inc. now owns 45,728 shares of the oil and gas company’s stock worth $5,156,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Gemmer Asset Management LLC raised its stake in Exxon Mobil by 16.1% during the third quarter. Gemmer Asset Management LLC now owns 3,673 shares of the oil and gas company’s stock worth $414,000 after acquiring an additional 508 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.1%

Shares of NYSE XOM opened at $119.09 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $120.81. The company has a 50-day moving average of $116.65 and a two-hundred day moving average of $113.23. The company has a market cap of $502.20 billion, a PE ratio of 17.31, a P/E/G ratio of 7.49 and a beta of 0.38. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released 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 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 company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is 59.88%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Jefferies Financial Group boosted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Cowen reiterated a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Finally, Citigroup boosted their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a 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 issued a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.45.

About Exxon Mobil

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.