Stratos Investment Management LLC Acquires 4,183 Shares of Exxon Mobil Corporation $XOM

Stratos Investment Management LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 12.4% during the fourth quarter, HoldingsChannel reports. The firm owned 37,876 shares of the oil and gas company’s stock after purchasing an additional 4,183 shares during the quarter. Stratos Investment Management LLC’s holdings in Exxon Mobil were worth $4,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Westfuller Advisors LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $30,000. Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $40,000. TruNorth Capital Management LLC raised its holdings in shares of 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 worth $40,000 after purchasing an additional 335 shares during the period. Halbert Hargrove Global Advisors LLC raised its holdings 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 worth $42,000 after purchasing an additional 181 shares during the period. Finally, Marquette Asset Management LLC raised its holdings in shares of Exxon Mobil by 307.0% in the 3rd quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 307 shares during the period. 61.80% of the stock is currently owned by institutional investors.

More Exxon Mobil News

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Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold 11,460 shares of company stock worth $1,687,854 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Mizuho lifted their price target on shares of Exxon Mobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Scotiabank upgraded Exxon Mobil to a “strong-buy” rating in a research note on Friday, March 27th. BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective on the stock. in a report on Tuesday, February 3rd. Jefferies Financial Group upped their price objective on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada upped their price objective on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $152.39.

View Our Latest Research Report on Exxon Mobil

Exxon Mobil Trading Up 1.8%

Shares of XOM stock opened at $163.51 on Tuesday. The company’s fifty day simple moving average is $153.10 and its two-hundred day simple moving average is $130.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $176.41. The stock has a market capitalization of $681.32 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.11 and a beta of 0.29.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. Exxon Mobil’s dividend payout ratio is currently 61.58%.

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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