Orion Porfolio Solutions LLC Grows Stock Position in Exxon Mobil Corporation $XOM

Orion Porfolio Solutions LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 1.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 309,293 shares of the oil and gas company’s stock after acquiring an additional 4,196 shares during the period. Orion Porfolio Solutions LLC’s holdings in Exxon Mobil were worth $34,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westfuller Advisors LLC acquired a new position in Exxon Mobil during the third quarter worth approximately $30,000. Bare Financial Services Inc grew its stake in shares of Exxon Mobil by 121.8% during the 2nd 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 acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth $40,000. TruNorth Capital Management LLC raised its position 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 buying an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in Exxon Mobil by 95.8% in the third 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. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 16,380 shares of company stock worth $2,227,734. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on XOM shares. UBS Group restated a “buy” rating and issued a $171.00 price objective on shares of Exxon Mobil in a report on Monday, February 2nd. Wells Fargo & Company cut 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. Bank of America boosted their price objective on shares of Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday. Loop Capital set a $123.00 target price on shares of Exxon Mobil in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein decreased their price target 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. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $143.41.

Read Our Latest Report on Exxon Mobil

Key Stories Impacting Exxon Mobil

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Exxon Mobil Trading Down 1.3%

Shares of NYSE XOM opened at $149.86 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $137.61 and its two-hundred day moving average price is $122.61. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $159.60. The stock has a market capitalization of $624.43 billion, a P/E ratio of 22.40, a PEG ratio of 1.24 and a beta of 0.35.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its 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 return on equity of 11.21% and a net margin of 8.68%.The business’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 EPS. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) 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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