Modera Wealth Management LLC Has $8.08 Million Position in Exxon Mobil Corporation $XOM

Modera Wealth Management LLC lessened its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,648 shares of the oil and gas company’s stock after selling 3,726 shares during the period. Modera Wealth Management LLC’s holdings in Exxon Mobil were worth $8,078,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of XOM. Maryland State Retirement & Pension System increased its stake in shares of 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. grew its holdings in Exxon Mobil by 1.4% during 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 during the period. U.S. Capital Wealth Advisors LLC increased its stake in 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 in the last quarter. Capital Counsel LLC NY raised its holdings in Exxon Mobil by 0.9% in the second 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 during the period. Finally, OneAscent Wealth Management LLC boosted its position in shares of Exxon Mobil by 116.7% during the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after purchasing an additional 4,123 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

More Exxon Mobil News

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

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the sale, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. The trade was 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.

Exxon Mobil Stock Up 1.0%

Shares of Exxon Mobil stock opened at $134.93 on Friday. The firm has a market cap of $569.03 billion, a PE ratio of 19.61, a P/E/G ratio of 8.59 and a beta of 0.37. The business’s 50 day simple moving average is $120.74 and its 200 day simple moving average is $115.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $135.98.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. The business’s revenue was down 5.2% on a year-over-year basis. On average, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.1%. This is an increase 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 59.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on XOM shares. Sanford C. Bernstein lowered their price objective 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. Bank of America dropped their price target on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Jefferies Financial Group lifted their price objective on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. TD Cowen reissued a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $131.84.

View Our Latest Research Report on Exxon Mobil

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.

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

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