Exxon Mobil Corporation $XOM Shares Bought by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 32.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,300 shares of the oil and gas company’s stock after buying an additional 3,506 shares during the period. Tcfg Wealth Management LLC’s holdings in Exxon Mobil were worth $1,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Vertex Planning Partners LLC boosted its stake in shares of Exxon Mobil by 11.9% in the third quarter. Vertex Planning Partners LLC now owns 3,575 shares of the oil and gas company’s stock worth $403,000 after buying an additional 380 shares during the last quarter. US Asset Management LLC raised its position in Exxon Mobil by 13.9% during the third quarter. US Asset Management LLC now owns 4,165 shares of the oil and gas company’s stock valued at $470,000 after acquiring an additional 507 shares in the last quarter. U S Wealth Group LLC. raised its position in Exxon Mobil by 3.1% during the third quarter. U S Wealth Group LLC. now owns 34,184 shares of the oil and gas company’s stock valued at $3,854,000 after acquiring an additional 1,024 shares in the last quarter. Garrett Wealth Advisory Group LLC lifted its holdings in Exxon Mobil by 2.0% in the third quarter. Garrett Wealth Advisory Group LLC now owns 43,374 shares of the oil and gas company’s stock valued at $4,890,000 after acquiring an additional 868 shares during the period. Finally, Apexium Financial LP boosted its position in Exxon Mobil by 6.4% in the 3rd quarter. Apexium Financial LP now owns 15,531 shares of the oil and gas company’s stock worth $1,751,000 after purchasing an additional 933 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key Headlines Impacting Exxon Mobil

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

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. UBS Group reaffirmed a “buy” rating and set a $171.00 price objective on shares of Exxon Mobil in a research note on Monday, February 2nd. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Morgan Stanley dropped their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Sanford C. Bernstein cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $155.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.35.

Get Our Latest Analysis on XOM

Exxon Mobil Trading Up 1.0%

Shares of XOM stock opened at $158.86 on Wednesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $160.45. The company has a market cap of $661.92 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.23 and a beta of 0.35. 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 stock has a 50 day simple moving average of $143.38 and a 200-day simple moving average of $125.38.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The company had revenue of $80.04 billion during the quarter, compared to analyst estimates 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 was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. Exxon Mobil’s payout ratio is currently 61.58%.

About Exxon Mobil

(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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