DDFG Inc Has $3.67 Million Holdings in Exxon Mobil Corporation $XOM

DDFG Inc boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 30,489 shares of the oil and gas company’s stock after purchasing an additional 3,314 shares during the period. Exxon Mobil accounts for approximately 0.8% of DDFG Inc’s portfolio, making the stock its 28th biggest position. DDFG Inc’s holdings in Exxon Mobil were worth $3,669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Exxon Mobil during the second quarter worth about $6,163,719,000. First Trust Advisors LP grew its position in shares of Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after purchasing an additional 4,563,707 shares during the period. Cerity Partners LLC increased its stake in Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock worth $217,162,000 after purchasing an additional 4,015,099 shares in the last quarter. Laurel Wealth Advisors LLC raised its holdings in Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after buying an additional 3,066,736 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Exxon Mobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after buying an additional 2,660,910 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Key Exxon Mobil News

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

Insider Activity

In related news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the transaction, the vice president directly owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 11,460 shares of company stock worth $1,687,854. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. Citigroup upped their price target on shares of Exxon Mobil from $118.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Loop Capital set a $123.00 price objective on shares of Exxon Mobil in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Morgan Stanley lowered their target price on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Finally, Sanford C. Bernstein dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $148.89.

Check Out Our Latest Analysis on XOM

Exxon Mobil Trading Up 0.8%

Exxon Mobil stock opened at $161.01 on Tuesday. The company has a market cap of $670.87 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.25 and a beta of 0.35. The firm has a 50-day moving average of $146.31 and a 200-day moving average of $126.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $162.44.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. Exxon Mobil’s revenue was down 1.3% on a year-over-year basis. On average, equities 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 declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil’s payout ratio is 61.58%.

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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