Zhang Financial LLC Has $3.59 Million Holdings in Exxon Mobil Corporation $XOM

Zhang Financial LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 15.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,811 shares of the oil and gas company’s stock after acquiring an additional 4,224 shares during the period. Zhang Financial LLC’s holdings in Exxon Mobil were worth $3,587,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Westfuller Advisors LLC acquired a new position in Exxon Mobil during the third quarter valued at approximately $30,000. Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil during the third quarter worth $40,000. TruNorth Capital Management LLC grew its position in Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the last quarter. Bare Financial Services Inc grew its holdings in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 181 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. Morgan Stanley cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Royal Bank Of Canada increased their price target on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Finally, Citigroup raised their price objective on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $140.59.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $149.31 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $133.64 and a 200-day moving average of $120.85. The firm has a market cap of $622.16 billion, a P/E ratio of 22.32, a P/E/G ratio of 15.64 and a beta of 0.39. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $156.93.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the prior year, the business earned $1.67 EPS. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a 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%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president directly owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 14,230 shares of company stock valued at $1,888,421 over the last 90 days. Insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.