Demming Financial Services Corp ADV Makes New $415,000 Investment in Exxon Mobil Corporation $XOM

Demming Financial Services Corp ADV bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,450 shares of the oil and gas company’s stock, valued at approximately $415,000. Exxon Mobil accounts for 0.3% of Demming Financial Services Corp ADV’s portfolio, making the stock its 23rd biggest position.

Several other institutional investors also recently modified their holdings of XOM. Vanguard Group Inc. boosted its stake in Exxon Mobil by 0.3% in the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after acquiring an additional 1,111,231 shares during the last quarter. Bank of America Corp DE raised its position in shares of Exxon Mobil by 2.0% during the 4th quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after acquiring an additional 1,457,560 shares during the last quarter. Norges Bank acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $7,625,063,000. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after purchasing an additional 531,362 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Exxon Mobil by 1.0% in the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after purchasing an additional 445,283 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 13,380 shares of company stock valued at $1,871,484 over the last quarter. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.7%

Shares of NYSE:XOM opened at $157.28 on Tuesday. The company has a market capitalization of $655.33 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.22 and a beta of 0.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The business’s 50 day simple moving average is $142.63 and its 200 day simple moving average is $125.07. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $159.60.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same period in the prior year, the firm posted $1.67 EPS. Exxon Mobil’s quarterly revenue was down 1.3% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a dividend of $1.03 per share. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Exxon Mobil News Roundup

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Royal Bank Of Canada raised their target price on Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Wells Fargo & Company lowered their price target on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. 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 research report on Friday, January 23rd. Finally, Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $147.06.

View Our Latest Analysis 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.

Featured Stories

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

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