Peterson Wealth Services Decreases Stake in Exxon Mobil Corporation $XOM

Peterson Wealth Services trimmed its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 88.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,905 shares of the oil and gas company’s stock after selling 21,886 shares during the quarter. Peterson Wealth Services’ holdings in Exxon Mobil were worth $328,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Westfuller Advisors LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $30,000. Bare Financial Services Inc increased its stake in shares of 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 worth $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil in the third quarter worth $40,000. TruNorth Capital Management LLC raised its holdings in Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its stake 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 valued at $42,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. This trade represents a 9.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on XOM shares. Sanford C. Bernstein dropped their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. UBS Group reissued a “buy” rating and issued a $171.00 price objective on shares of Exxon Mobil in a report on Monday. BNP Paribas Exane raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a report on Monday, December 8th. Zacks Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Citigroup upped their price target on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.53.

Exxon Mobil Stock Down 2.0%

Shares of Exxon Mobil stock opened at $138.51 on Tuesday. The stock has a market capitalization of $584.12 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 14.93 and a beta of 0.39. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $142.34. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $123.25 and its 200-day simple moving average is $116.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 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 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. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Exxon Mobil Company Profile

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.