Exxon Mobil Corporation $XOM Shares Purchased by Forum Financial Management LP

Forum Financial Management LP grew its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 93,438 shares of the oil and gas company’s stock after purchasing an additional 6,626 shares during the quarter. Forum Financial Management LP’s holdings in Exxon Mobil were worth $10,535,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Eagle Capital Management LLC lifted its holdings in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the last quarter. Caxton Associates LLP acquired a new stake in Exxon Mobil during the first quarter valued at approximately $305,000. Jones Financial Companies Lllp boosted its holdings in Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after buying an additional 131,600 shares in the last quarter. Nova Wealth Management Inc. grew its position in Exxon Mobil by 12.4% in the second quarter. Nova Wealth Management Inc. now owns 1,974 shares of the oil and gas company’s stock worth $213,000 after buying an additional 217 shares during the last quarter. Finally, Cultivar Capital Inc. increased its holdings in shares of Exxon Mobil by 13.8% in the second quarter. Cultivar Capital Inc. now owns 11,036 shares of the oil and gas company’s stock valued at $1,190,000 after buying an additional 1,342 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.5%

NYSE:XOM opened at $124.04 on Tuesday. The stock has a market cap of $523.11 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 7.77 and a beta of 0.37. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $125.93. 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’s 50-day moving average is $118.25 and its two-hundred day moving average is $114.05.

Exxon Mobil (NYSE:XOMGet Free Report) last posted 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 during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. As a group, equities 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 declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders 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 annualized dividend and a dividend yield of 3.3%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the 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 completion of the sale, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Trending Headlines about Exxon Mobil

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Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Zacks Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Morgan Stanley increased their price target on Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Cowen restated a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price for the company in a report on Monday, December 8th. Finally, Bank of America dropped their target price on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Exxon Mobil has an average rating of “Hold” and a consensus target price of $130.25.

Check Out Our Latest Report on Exxon Mobil

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.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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