Exxon Mobil Corporation $XOM Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC lowered its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,767 shares of the oil and gas company’s stock after selling 6,837 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Exxon Mobil were worth $3,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Norges Bank acquired a new position in Exxon Mobil during the second quarter worth about $6,163,719,000. First Trust Advisors LP raised its position in Exxon Mobil by 150.2% in the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after purchasing an additional 4,563,707 shares during the period. Cerity Partners LLC lifted its position in Exxon Mobil by 200.7% in the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after buying an additional 4,015,099 shares during the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Exxon Mobil by 119.4% during the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after buying an additional 1,454,308 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key Headlines Impacting Exxon Mobil

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

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares in the company, valued at $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 14,230 shares of company stock worth $1,888,421 in the last three months. 0.03% of the stock is owned by insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $146.01 on Wednesday. The firm has a market capitalization of $615.75 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 15.40 and a beta of 0.39. The firm’s fifty day simple moving average is $130.47 and its 200-day simple moving average is $119.33. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $156.93. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. Exxon Mobil’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced 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. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 61.58%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating and set a $171.00 price target on shares of Exxon Mobil in a research report on Monday, February 2nd. Mizuho set a $140.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 4th. Jefferies Financial Group increased their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. BMO Capital Markets restated a “market perform” rating and issued a $155.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 4th. Finally, Loop Capital set a $123.00 price objective on Exxon Mobil in a research report on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $140.59.

View Our Latest Research Report on XOM

Exxon Mobil Company 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.

Recommended Stories

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.