Exxon Mobil Corporation $XOM Shares Acquired by Clearstead Advisors LLC

Clearstead Advisors LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,317 shares of the oil and gas company’s stock after purchasing an additional 4,139 shares during the period. Clearstead Advisors LLC’s holdings in Exxon Mobil were worth $25,630,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of XOM. Marks Group Wealth Management Inc raised its holdings in shares of Exxon Mobil by 0.9% in the third quarter. Marks Group Wealth Management Inc now owns 26,236 shares of the oil and gas company’s stock valued at $2,958,000 after buying an additional 235 shares during the last quarter. Concentrum Wealth Management increased its position in Exxon Mobil by 2.4% in the 3rd quarter. Concentrum Wealth Management now owns 5,640 shares of the oil and gas company’s stock valued at $636,000 after acquiring an additional 134 shares during the period. ROI Financial Advisors LLC raised its stake in Exxon Mobil by 36.4% during the 3rd quarter. ROI Financial Advisors LLC now owns 3,737 shares of the oil and gas company’s stock valued at $421,000 after acquiring an additional 998 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in Exxon Mobil by 0.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 506,317 shares of the oil and gas company’s stock worth $57,087,000 after acquiring an additional 4,157 shares during the period. Finally, Alteri Wealth LLC grew its stake in shares of Exxon Mobil by 0.9% in the 3rd quarter. Alteri Wealth LLC now owns 58,180 shares of the oil and gas company’s stock valued at $6,560,000 after purchasing an additional 494 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. This represents a 13.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 14,230 shares of company stock worth $1,888,421. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on XOM. Jefferies Financial Group upped their price target on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Sanford C. Bernstein dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective for the company. in a research report on Tuesday, February 3rd. Bank of America lifted their target price on shares of Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Nine equities research 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $140.59.

View Our Latest Research Report on Exxon Mobil

Key Exxon Mobil News

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

Exxon Mobil Price Performance

Exxon Mobil stock opened at $147.12 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $156.93. The company has a market cap of $613.00 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 15.28 and a beta of 0.39. The business has a fifty day moving average of $132.29 and a two-hundred day moving average of $120.23.

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 analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 EPS. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

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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