Asempa Wealth Advisors Invests $1.41 Million in Exxon Mobil Corporation $XOM

Asempa Wealth Advisors purchased a new stake in Exxon Mobil Corporation (NYSE:XOMFree Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 11,678 shares of the oil and gas company’s stock, valued at approximately $1,405,000. Exxon Mobil accounts for approximately 1.2% of Asempa Wealth Advisors’ investment portfolio, making the stock its 26th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baker Tilly Wealth Management LLC grew its stake in Exxon Mobil by 1.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 18,374 shares of the oil and gas company’s stock worth $2,211,000 after buying an additional 188 shares in the last quarter. Fulton Bank N.A. increased its holdings in Exxon Mobil by 1.1% in the 4th quarter. Fulton Bank N.A. now owns 64,252 shares of the oil and gas company’s stock valued at $7,732,000 after buying an additional 697 shares during the period. Financial Management Network Inc. raised its position in shares of Exxon Mobil by 4.0% in the 4th quarter. Financial Management Network Inc. now owns 5,676 shares of the oil and gas company’s stock valued at $696,000 after buying an additional 216 shares in the last quarter. O Keefe Stevens Advisory Inc. lifted its holdings in shares of Exxon Mobil by 2.3% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 30,318 shares of the oil and gas company’s stock worth $3,648,000 after acquiring an additional 695 shares during the period. Finally, Firethorn Wealth Partners LLC lifted its holdings in shares of Exxon Mobil by 3.5% during the 4th quarter. Firethorn Wealth Partners LLC now owns 5,555 shares of the oil and gas company’s stock worth $669,000 after acquiring an additional 187 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.5%

Shares of Exxon Mobil stock opened at $165.22 on Wednesday. The firm’s 50 day moving average is $147.09 and its 200 day moving average is $127.07. The firm has a market capitalization of $688.42 billion, a PE ratio of 24.70, a price-to-earnings-growth ratio of 1.26 and a beta of 0.35. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $167.48. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data 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. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XOM shares. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 price objective on shares of Exxon Mobil in a research note on Wednesday, February 4th. Bank of America upped their target price on Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Mizuho raised their target price on Exxon Mobil from $140.00 to $162.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Sanford C. Bernstein decreased 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. Finally, BNP Paribas Exane cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target for the company. in a report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $148.89.

View Our Latest Research Report on XOM

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. This trade represents a 5.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. Company insiders own 0.03% of the company’s stock.

Exxon Mobil News Roundup

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

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.

Further Reading

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

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