Mutual Advisors LLC Has $12.73 Million Position in Exxon Mobil Corporation $XOM

Mutual Advisors LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,742 shares of the oil and gas company’s stock after buying an additional 5,948 shares during the quarter. Mutual Advisors LLC’s holdings in Exxon Mobil were worth $12,728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Westfuller Advisors LLC acquired a new stake in Exxon Mobil during the 3rd quarter worth $30,000. Clayton Financial Group LLC bought a new position in Exxon Mobil during the third quarter worth about $40,000. TruNorth Capital Management LLC grew its position in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after buying an additional 335 shares during the period. Bare Financial Services Inc increased its stake in shares of Exxon Mobil by 121.8% in the 2nd 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 position in shares of Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on XOM. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Bank of America raised 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. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Piper Sandler cut their price objective on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Finally, Mizuho increased their target price on Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.93.

Read Our Latest Research Report on XOM

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the 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 directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Key Stories Impacting Exxon Mobil

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

Exxon Mobil Price Performance

NYSE XOM opened at $141.43 on Friday. The firm’s 50 day moving average is $122.80 and its 200-day moving average is $116.12. 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 company has a market capitalization of $596.43 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 14.84 and a beta of 0.37. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $142.34.

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 for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. Exxon Mobil’s payout ratio is currently 59.88%.

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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