MJP Associates Inc. ADV Buys 4,838 Shares of Exxon Mobil Corporation $XOM

MJP Associates Inc. ADV boosted its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 47.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,015 shares of the oil and gas company’s stock after buying an additional 4,838 shares during the quarter. MJP Associates Inc. ADV’s holdings in Exxon Mobil were worth $1,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westfuller Advisors LLC acquired a new position in Exxon Mobil during the 3rd quarter valued at about $30,000. Bare Financial Services Inc lifted its holdings in 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. Clayton Financial Group LLC bought a new position in Exxon Mobil in the third quarter valued at approximately $40,000. TruNorth Capital Management LLC grew its holdings in 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 acquiring an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in 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 worth $42,000 after acquiring an additional 181 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 4th. Morgan Stanley cut their target price 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. Barclays raised their target price on Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $140.59.

View Our Latest Analysis on XOM

Key Stories Impacting Exxon Mobil

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

Insider Activity

In related news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president directly owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. The trade was a 13.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 14,230 shares of company stock worth $1,888,421 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Down 1.6%

Shares of Exxon Mobil stock opened at $146.01 on Wednesday. The company has a market capitalization of $615.75 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 15.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The business has a 50-day moving average of $130.47 and a two-hundred day moving average of $119.33. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $156.93.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $82.31 billion during the quarter, compared to analyst estimates of $77.98 billion. During the same period in the previous year, the firm earned $1.67 EPS. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 61.58%.

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.

Featured Articles

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.