Exxon Mobil Corporation $XOM Shares Acquired by Money Concepts Capital Corp

Money Concepts Capital Corp lifted its stake in Exxon Mobil Corporation (NYSE:XOM) by 35.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,080 shares of the oil and gas company’s stock after purchasing an additional 4,757 shares during the period. Money Concepts Capital Corp’s holdings in Exxon Mobil were worth $2,039,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of XOM. Westfuller Advisors LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth approximately $30,000. Bare Financial Services Inc grew its holdings in 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 worth $39,000 after acquiring an additional 201 shares in the last quarter. Clayton Financial Group LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $40,000. TruNorth Capital Management LLC raised its holdings in shares of 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 valued at $40,000 after purchasing an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its position in shares of Exxon Mobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Barclays increased their price objective on Exxon Mobil from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Bank of America boosted their target price on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada increased their price target on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Citigroup raised their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $138.53.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $138.51 on Tuesday. The stock has a market cap of $584.12 billion, a P/E ratio of 20.70, a P/E/G ratio of 14.93 and a beta of 0.39. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $142.34. The stock has a 50 day moving average of $123.25 and a two-hundred day moving average of $116.34. 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:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same period last year, the firm posted $1.67 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. Exxon Mobil’s payout ratio is currently 61.58%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the 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 completion of the sale, the vice president owned 28,584 shares in the company, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

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.