Exxon Mobil Corporation $XOM Shares Acquired by Indie Asset Partners LLC

Indie Asset Partners LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 296.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,695 shares of the oil and gas company’s stock after buying an additional 6,501 shares during the quarter. Exxon Mobil accounts for 1.3% of Indie Asset Partners LLC’s portfolio, making the stock its 21st biggest holding. Indie Asset Partners LLC’s holdings in Exxon Mobil were worth $980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its stake in Exxon Mobil by 2.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after acquiring an additional 5,573 shares during the last quarter. Linscomb Wealth Inc. lifted its holdings in shares of Exxon Mobil by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after purchasing an additional 5,527 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of Exxon Mobil by 3.3% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after purchasing an additional 9,831 shares during the last quarter. Capital Counsel LLC NY increased its stake in shares of Exxon Mobil by 0.9% during the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after purchasing an additional 460 shares in the last quarter. Finally, HORAN Wealth LLC increased its stake in shares of Exxon Mobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after purchasing an additional 5,788 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 3.5%

NYSE XOM opened at $150.16 on Friday. The company has a market cap of $633.23 billion, a P/E ratio of 22.44, a P/E/G ratio of 16.18 and a beta of 0.39. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $156.93. 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 company has a 50-day moving average of $128.62 and a 200-day moving average of $118.47.

Exxon Mobil (NYSE:XOM) last released 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. The firm had revenue of $82.31 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%. Exxon Mobil’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company 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 dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 14,230 shares of company stock valued at $1,888,421 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Sanford C. Bernstein lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Morgan Stanley reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Wells Fargo & Company dropped their price objective on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Loop Capital set a $123.00 target price on shares of Exxon Mobil in a research note on Tuesday, February 3rd. Finally, Jefferies Financial Group raised their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $140.59.

About Exxon Mobil

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.