Kovitz Investment Group Partners LLC Grows Position in Exxon Mobil Corporation $XOM

Kovitz Investment Group Partners LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,317 shares of the oil and gas company’s stock after buying an additional 4,157 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Exxon Mobil were worth $57,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Westfuller Advisors LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $30,000. Bare Financial Services Inc lifted its position in Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares in the last quarter. Clayton Financial Group LLC acquired a new position in Exxon Mobil during the third quarter worth $40,000. TruNorth Capital Management LLC grew its holdings in 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 buying an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its holdings in 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 buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

More Exxon Mobil News

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

Exxon Mobil Price Performance

Exxon Mobil stock opened at $147.12 on Friday. The company’s 50 day simple moving average is $132.29 and its 200-day simple moving average is $120.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $156.93. The company has a market capitalization of $613.00 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 15.28 and a beta of 0.39.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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 paid 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 2.8%. Exxon Mobil’s payout ratio is presently 61.58%.

Insider Activity

In related news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $149.18, for a total transaction of $481,851.40. Following the transaction, the vice president owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. This represents a 13.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent research reports. Bank of America boosted their price target on shares of Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. TD Cowen lifted their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. BNP Paribas Exane lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price on the stock. in a report on Tuesday, February 3rd. Citigroup raised their price target on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $140.59.

View Our Latest Report on XOM

Exxon Mobil 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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