Berman McAleer LLC Acquires Shares of 6,873 Exxon Mobil Corporation $XOM

Berman McAleer LLC bought a new stake in Exxon Mobil Corporation (NYSE:XOMFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,873 shares of the oil and gas company’s stock, valued at approximately $775,000.

A number of other institutional investors have also modified their holdings of XOM. Westfuller Advisors LLC acquired a new stake in Exxon Mobil in the third quarter valued at about $30,000. Clayton Financial Group LLC acquired a new position in Exxon Mobil during the 3rd quarter worth approximately $40,000. TruNorth Capital Management LLC raised its stake in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares in the last quarter. Bare Financial Services Inc lifted its holdings 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 valued at $39,000 after buying an additional 201 shares during the period. Finally, Halbert Hargrove Global Advisors LLC boosted its stake in shares of Exxon Mobil by 95.8% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key Stories Impacting Exxon Mobil

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

Insiders Place Their Bets

In other 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 value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several research analyst reports. TD Cowen reiterated a “buy” rating on shares of Exxon Mobil in a research report on Monday. Morgan Stanley lowered their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Piper Sandler reduced 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. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Finally, Wells Fargo & Company increased their target price on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $133.93.

View Our Latest Analysis on Exxon Mobil

Exxon Mobil Stock Performance

NYSE:XOM opened at $141.43 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $122.80 and a two-hundred day moving average price of $116.10. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $142.34. The company has a market capitalization of $596.43 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 14.84 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business 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. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 59.88%.

Exxon Mobil Company 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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