Oakworth Capital Inc. Buys 14,585 Shares of Exxon Mobil Corporation $XOM

Oakworth Capital Inc. increased its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 57.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,027 shares of the oil and gas company’s stock after buying an additional 14,585 shares during the quarter. Oakworth Capital Inc.’s holdings in Exxon Mobil were worth $4,513,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of XOM. Westfuller Advisors LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $30,000. Clayton Financial Group LLC bought a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $40,000. TruNorth Capital Management LLC grew its holdings in Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares during the period. Bare Financial Services Inc raised its stake 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 buying an additional 201 shares during the period. Finally, Halbert Hargrove Global Advisors LLC lifted its position in shares of Exxon Mobil by 95.8% during 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 buying an additional 181 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Up 0.7%

XOM stock opened at $141.43 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $142.34. The stock has a market cap 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. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $122.80 and its 200 day moving average is $116.12.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. Exxon Mobil’s dividend payout ratio is 59.88%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research note on Monday, December 8th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Wells Fargo & Company upped their price target on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Finally, Zacks Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $133.93.

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More Exxon Mobil News

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Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the business’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 value of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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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