Atlas Private Wealth Advisors Sells 9,406 Shares of Exxon Mobil Corporation $XOM

Atlas Private Wealth Advisors reduced its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 72.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,587 shares of the oil and gas company’s stock after selling 9,406 shares during the period. Atlas Private Wealth Advisors’ holdings in Exxon Mobil were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of XOM. Winnow Wealth LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $2,819,000. Bryn Mawr Trust Advisors LLC raised its stake in Exxon Mobil by 4.2% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 119,595 shares of the oil and gas company’s stock worth $13,484,000 after acquiring an additional 4,837 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 3.7% during the third quarter. Cornerstone Wealth Management LLC now owns 84,091 shares of the oil and gas company’s stock valued at $9,481,000 after acquiring an additional 2,987 shares during the period. AlphaQuest LLC boosted its stake in shares of Exxon Mobil by 19,569.5% in the 3rd quarter. AlphaQuest LLC now owns 18,686 shares of the oil and gas company’s stock valued at $2,107,000 after purchasing an additional 18,591 shares in the last quarter. Finally, Argent Advisors Inc. grew its holdings in shares of Exxon Mobil by 2.9% in the 3rd quarter. Argent Advisors Inc. now owns 70,374 shares of the oil and gas company’s stock worth $7,935,000 after purchasing an additional 1,977 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on XOM. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a report on Monday, December 8th. Citigroup raised their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Monday. Finally, UBS Group reissued a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.93.

View Our Latest Report on Exxon Mobil

Exxon Mobil Trading Up 0.7%

NYSE XOM opened at $141.43 on Friday. The stock has a 50-day simple moving average of $122.80 and a 200 day simple moving average of $116.10. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $142.34. The company has a market capitalization of $596.43 billion, a PE ratio of 20.56, a P/E/G ratio of 14.84 and a beta of 0.37. 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:XOMGet Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. The firm had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.9%. Exxon Mobil’s payout ratio is currently 59.88%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the 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 directly owned 28,584 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Key Stories Impacting Exxon Mobil

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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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