CX Institutional Buys 11,589 Shares of Exxon Mobil Corporation $XOM

CX Institutional raised its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,301 shares of the oil and gas company’s stock after acquiring an additional 11,589 shares during the period. CX Institutional’s holdings in Exxon Mobil were worth $14,015,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil in the 2nd quarter worth about $38,000. Bare Financial Services Inc boosted its stake in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $40,000. TruNorth Capital Management LLC increased its position in shares of Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new stake in Exxon Mobil during the second quarter worth $42,000. Institutional investors own 61.80% of the company’s stock.

Key Exxon Mobil News

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

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the business’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 sale, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Jefferies Financial Group upped their price objective on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Barclays lowered their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Mizuho increased their target price on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Bank of America lowered their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $129.71.

Check Out Our Latest Analysis on XOM

Exxon Mobil Price Performance

XOM opened at $124.60 on Friday. The firm has a 50-day moving average price of $118.05 and a 200-day moving average price of $113.87. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $125.93. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $525.44 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 7.57 and a beta of 0.37.

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. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion for the quarter. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.3%. Exxon Mobil’s dividend payout ratio is 59.88%.

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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