Archford Capital Strategies LLC Sells 11,637 Shares of Exxon Mobil Corporation $XOM

Archford Capital Strategies LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 34.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,202 shares of the oil and gas company’s stock after selling 11,637 shares during the quarter. Archford Capital Strategies LLC’s holdings in Exxon Mobil were worth $2,672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ipsen Advisor Group LLC grew its stake in shares of Exxon Mobil by 1.6% in the 3rd quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock worth $637,000 after buying an additional 88 shares during the last quarter. Nexus Investment Management ULC boosted its holdings in Exxon Mobil by 1.6% in the third quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock worth $653,000 after acquiring an additional 89 shares in the last quarter. Sagace Wealth Management LLC boosted its holdings in Exxon Mobil by 2.7% in the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after acquiring an additional 90 shares in the last quarter. Creative Capital Management Investments LLC grew its stake in shares of Exxon Mobil by 2.5% in the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after acquiring an additional 91 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of Exxon Mobil by 2.4% during the third quarter. Tortoise Investment Management LLC now owns 3,900 shares of the oil and gas company’s stock valued at $440,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.1%

NYSE:XOM opened at $160.63 on Friday. The company has a market cap of $669.31 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 1.11 and a beta of 0.29. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $152.01 and a two-hundred day simple moving average of $129.50. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $176.41.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XOM shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 price target on shares of Exxon Mobil in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. UBS Group restated a “buy” rating and issued a $171.00 price objective on shares of Exxon Mobil in a report on Monday, February 2nd. Piper Sandler upped their price objective on Exxon Mobil from $145.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Finally, TD Cowen increased their price objective on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $152.39.

View Our Latest Analysis on Exxon Mobil

Key Headlines Impacting Exxon Mobil

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

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 11,460 shares of company stock valued at $1,687,854 over the last 90 days. Company insiders own 0.03% of the company’s stock.

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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