FAS Wealth Partners Inc. Raises Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

FAS Wealth Partners Inc. raised its stake in Exxon Mobil Co. (NYSE:XOMFree Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,350 shares of the oil and gas company’s stock after buying an additional 425 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Exxon Mobil were worth $2,834,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XOM. Assenagon Asset Management S.A. lifted its stake in Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after acquiring an additional 575,649 shares in the last quarter. Qsemble Capital Management LP increased its stake in Exxon Mobil by 34.3% during the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after purchasing an additional 1,200 shares during the period. RNC Capital Management LLC lifted its position in shares of Exxon Mobil by 5.5% during the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Meyer Handelman Co. boosted its stake in shares of Exxon Mobil by 5.9% in the third quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock valued at $45,971,000 after purchasing an additional 21,895 shares during the period. Finally, Flputnam Investment Management Co. grew its holdings in shares of Exxon Mobil by 36.0% in the third quarter. Flputnam Investment Management Co. now owns 87,395 shares of the oil and gas company’s stock valued at $10,276,000 after purchasing an additional 23,148 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $119.34 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70. The firm has a market capitalization of $473.52 billion, a P/E ratio of 13.42, a P/E/G ratio of 4.28 and a beta of 0.96. The company’s fifty day moving average price is $107.34 and its 200 day moving average price is $105.99.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.40 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Mizuho upped their price target on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, December 8th. Finally, UBS Group cut their target price on shares of Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $128.47.

View Our Latest Research Report on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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