Exxon Mobil Corporation $XOM Stake Raised by Global Assets Advisory LLC

Global Assets Advisory LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,556 shares of the oil and gas company’s stock after buying an additional 10,123 shares during the period. Exxon Mobil accounts for 3.4% of Global Assets Advisory LLC’s investment portfolio, making the stock its 3rd biggest position. Global Assets Advisory LLC’s holdings in Exxon Mobil were worth $11,563,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westfuller Advisors LLC purchased a new position in Exxon Mobil in the 3rd quarter valued at about $30,000. Bare Financial Services Inc raised its position in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC purchased a new position in shares of Exxon Mobil during the third quarter valued at approximately $40,000. TruNorth Capital Management LLC lifted its stake 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 buying an additional 335 shares during the period. Finally, Investment Research & Advisory Group Inc. acquired a new stake in Exxon Mobil during the second quarter worth approximately $42,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. UBS Group reissued a “buy” rating on shares of Exxon Mobil in a research note on Friday, January 9th. Morgan Stanley reduced their target price on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research report on Friday. Mizuho lifted their price target on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Piper Sandler dropped their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.84.

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Key Headlines Impacting Exxon Mobil

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

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Up 1.0%

Shares of XOM stock opened at $134.93 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $135.98. The firm’s 50 day moving average price is $120.74 and its two-hundred day moving average price is $115.28. The stock has a market cap of $569.03 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 8.59 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. The business had revenue of $83.33 billion for the quarter, compared to the consensus estimate of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 EPS. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current 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 given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.1%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s dividend payout ratio is 59.88%.

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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