Tufton Capital Management Has $9.85 Million Stock Position in Exxon Mobil Corporation $XOM

Tufton Capital Management raised its holdings in Exxon Mobil Corporation (NYSE:XOM) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,352 shares of the oil and gas company’s stock after acquiring an additional 4,931 shares during the period. Exxon Mobil comprises 1.8% of Tufton Capital Management’s holdings, making the stock its 18th biggest holding. Tufton Capital Management’s holdings in Exxon Mobil were worth $9,848,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in XOM. Westfuller Advisors LLC bought a new stake in shares of Exxon Mobil during the third quarter worth $30,000. Bare Financial Services Inc boosted its holdings 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 acquiring an additional 201 shares in the last quarter. Clayton Financial Group LLC bought a new stake in Exxon Mobil during the 3rd quarter worth $40,000. TruNorth Capital Management LLC increased its holdings in 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 purchasing an additional 335 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. bought a new position in Exxon Mobil in the second quarter valued at about $42,000. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on XOM shares. UBS Group restated a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. Piper Sandler cut their target price on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Zacks Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price objective on the stock in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.84.

Exxon Mobil Trading Up 1.0%

NYSE:XOM opened at $134.93 on Monday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $135.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The firm’s fifty day moving average is $120.74 and its 200-day moving average is $115.29. The firm has a market cap of $569.03 billion, a P/E ratio of 19.61, a P/E/G ratio of 8.62 and a beta of 0.37.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. During the same quarter in the previous year, the business earned $1.92 earnings per share. Exxon Mobil’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.1%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

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.