AlphaQuest LLC Acquires 18,591 Shares of Exxon Mobil Corporation $XOM

AlphaQuest LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 19,569.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,686 shares of the oil and gas company’s stock after acquiring an additional 18,591 shares during the quarter. AlphaQuest LLC’s holdings in Exxon Mobil were worth $2,107,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Westfuller Advisors LLC bought a new position in Exxon Mobil in the third quarter valued at $30,000. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth about $40,000. TruNorth Capital Management LLC grew its holdings in shares of Exxon Mobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares in the last quarter. Bare Financial Services Inc increased its position in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

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

Exxon Mobil (NYSE:XOMGet Free Report) last posted 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 firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. Analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders 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 is Thursday, February 12th. Exxon Mobil’s payout ratio is currently 59.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XOM. Barclays upped their price objective on Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Bank of America increased their price target on shares of Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Citigroup raised their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Finally, Wells Fargo & Company lifted their price target 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 given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $133.93.

Read Our Latest Research Report on Exxon Mobil

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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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