Financial Management Network Inc. Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Financial Management Network Inc. grew its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 6.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,347 shares of the oil and gas company’s stock after acquiring an additional 362 shares during the period. Financial Management Network Inc.’s holdings in Exxon Mobil were worth $605,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC lifted its holdings in shares of Exxon Mobil by 14.9% in the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock worth $11,573,746,000 after acquiring an additional 17,521,080 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Exxon Mobil by 1,505.5% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock worth $833,291,000 after acquiring an additional 9,124,095 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of Exxon Mobil in the 3rd quarter worth about $347,253,000. Legal & General Group Plc lifted its holdings in shares of Exxon Mobil by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after acquiring an additional 3,131,617 shares during the last quarter. Finally, HighTower Trust Company N.A. bought a new stake in shares of Exxon Mobil in the 3rd quarter worth about $237,316,000. 57.49% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 0.9 %

NYSE:XOM opened at $113.81 on Wednesday. The company has a market cap of $468.70 billion, a PE ratio of 9.29, a P/E/G ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a twelve month low of $71.39 and a twelve month high of $126.54. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $109.54 and its two-hundred day moving average is $101.20.

Exxon Mobil (NYSE:XOMGet Rating) last released its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.57. The company had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. Exxon Mobil’s revenue was up 51.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. Analysts anticipate that Exxon Mobil Co. will post 13.92 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were paid a $0.91 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, November 14th. Exxon Mobil’s payout ratio is currently 29.71%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Tuesday. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Cowen lifted their price objective on shares of Exxon Mobil to $108.00 in a report on Friday, November 4th. Credit Suisse Group lifted their price objective on shares of Exxon Mobil to $130.00 in a report on Tuesday, November 1st. Finally, Morgan Stanley lifted their price objective on shares of Exxon Mobil from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $114.35.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $110.47, for a total transaction of $276,175.00. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at $2,801,850.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Company Profile

(Get Rating)

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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

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