Bryn Mawr Trust Advisors LLC Buys 4,837 Shares of Exxon Mobil Corporation $XOM

Bryn Mawr Trust Advisors LLC grew its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,595 shares of the oil and gas company’s stock after acquiring an additional 4,837 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Exxon Mobil were worth $13,484,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Cornerstone Wealth Management LLC raised its position in Exxon Mobil by 3.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 84,091 shares of the oil and gas company’s stock worth $9,481,000 after purchasing an additional 2,987 shares during the last quarter. AlphaQuest LLC raised its position in shares of Exxon Mobil by 19,569.5% during the third quarter. AlphaQuest LLC now owns 18,686 shares of the oil and gas company’s stock worth $2,107,000 after acquiring an additional 18,591 shares during the last quarter. Argent Advisors Inc. lifted its stake in shares of Exxon Mobil by 2.9% during the third quarter. Argent Advisors Inc. now owns 70,374 shares of the oil and gas company’s stock valued at $7,935,000 after acquiring an additional 1,977 shares during the period. Pittenger & Anderson Inc. boosted its holdings in Exxon Mobil by 0.6% in the third quarter. Pittenger & Anderson Inc. now owns 32,742 shares of the oil and gas company’s stock valued at $3,692,000 after acquiring an additional 181 shares during the last quarter. Finally, Banyan Capital Management Inc. acquired a new stake in Exxon Mobil in the third quarter worth about $589,000. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XOM has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Morgan Stanley cut their price target on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Bank of America lifted their price objective on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Wells Fargo & Company raised their target price on Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.93.

Read Our Latest Stock Analysis on Exxon Mobil

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil News Roundup

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

Exxon Mobil Stock Performance

Shares of XOM stock opened at $141.43 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $142.34. The company’s 50 day moving average price is $122.80 and its two-hundred day moving average price is $116.10. The company has a market capitalization of $596.43 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 14.84 and a beta of 0.37.

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, topping analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the business posted $1.67 earnings per share. On average, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

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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