Bleakley Financial Group LLC Has $15.22 Million Stock Position in Exxon Mobil Corporation $XOM

Bleakley Financial Group LLC reduced its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,006 shares of the oil and gas company’s stock after selling 6,071 shares during the period. Bleakley Financial Group LLC’s holdings in Exxon Mobil were worth $15,222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of XOM. Maryland State Retirement & Pension System raised its stake in shares of Exxon Mobil by 2.6% in the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after purchasing an additional 5,573 shares in the last quarter. Linscomb Wealth Inc. increased its holdings in Exxon Mobil by 1.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after buying an additional 5,527 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Exxon Mobil by 3.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after buying an additional 9,831 shares in the last quarter. Capital Counsel LLC NY lifted its holdings in shares of Exxon Mobil by 0.9% during the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after acquiring an additional 460 shares during the period. Finally, HORAN Wealth LLC boosted its position in shares of Exxon Mobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after acquiring an additional 5,788 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup raised their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. UBS Group restated a “buy” rating and set a $171.00 target price on shares of Exxon Mobil in a research report on Monday, February 2nd. Mizuho set a $140.00 price target on Exxon Mobil in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Finally, BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price on the stock. in a research note on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.59.

Check Out Our Latest Stock Report on Exxon Mobil

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,230 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the completion of the sale, the vice president owned 20,354 shares of the company’s stock, valued at $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 14,230 shares of company stock worth $1,888,421 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Down 2.6%

Shares of XOM opened at $147.12 on Friday. The stock has a fifty day moving average price of $132.29 and a two-hundred day moving average price of $120.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The company has a market cap of $613.00 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 15.28 and a beta of 0.39. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $156.93.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.67 earnings per share. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is presently 61.58%.

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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.

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

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