Exxon Mobil Corporation $XOM Stock Holdings Boosted by Narwhal Capital Management

Narwhal Capital Management increased its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 13.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,643 shares of the oil and gas company’s stock after acquiring an additional 11,884 shares during the period. Narwhal Capital Management’s holdings in Exxon Mobil were worth $11,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Axis Wealth Partners LLC grew its holdings in Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after buying an additional 90 shares in the last quarter. Sagace Wealth Management LLC increased its holdings in shares of Exxon Mobil by 2.7% during the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after purchasing an additional 90 shares during the period. Park Edge Advisors LLC raised its stake in shares of Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after purchasing an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its holdings in Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 91 shares during the period. Finally, Creative Capital Management Investments LLC lifted its holdings in Exxon Mobil by 2.5% in the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after purchasing an additional 91 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil News Roundup

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

Insider Buying and Selling

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

Exxon Mobil Price Performance

NYSE XOM opened at $124.60 on Monday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $125.93. The business’s fifty day moving average is $118.05 and its two-hundred day moving average is $113.95. The stock has a market capitalization of $525.44 billion, a P/E ratio of 18.11, a P/E/G ratio of 7.77 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (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%. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have commented on XOM shares. Mizuho boosted their price target on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, December 12th. UBS Group restated a “buy” rating on shares of Exxon Mobil in a research report on Friday. BNP Paribas upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective for the company in a report on Monday, December 8th. 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. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $129.71.

Get Our Latest Stock Report on XOM

About Exxon Mobil

(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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