Mairs & Power Inc. Acquires 35,540 Shares of Exxon Mobil Corporation $XOM

Mairs & Power Inc. grew its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 103.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,913 shares of the oil and gas company’s stock after acquiring an additional 35,540 shares during the quarter. Mairs & Power Inc.’s holdings in Exxon Mobil were worth $7,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ipsen Advisor Group LLC increased its holdings in shares of Exxon Mobil by 1.6% during the 3rd quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock worth $637,000 after purchasing an additional 88 shares during the period. Nexus Investment Management ULC lifted its stake in shares of Exxon Mobil by 1.6% in the third quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after buying an additional 89 shares during the period. Sagace Wealth Management LLC lifted its stake in shares of Exxon Mobil by 2.7% in the third quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 90 shares during the period. Creative Capital Management Investments LLC lifted its position in shares of Exxon Mobil by 2.5% in the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock worth $417,000 after acquiring an additional 91 shares during the period. Finally, Tortoise Investment Management LLC raised its stake in shares of Exxon Mobil by 2.4% in the third quarter. Tortoise Investment Management LLC now owns 3,900 shares of the oil and gas company’s stock valued at $440,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on XOM shares. BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target on the stock. in a research note on Tuesday, February 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 price objective on shares of Exxon Mobil in a report on Wednesday, February 4th. Loop Capital set a $123.00 target price on shares of Exxon Mobil in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Finally, Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $147.06.

Get Our Latest Stock Analysis on Exxon Mobil

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president directly owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 13,380 shares of company stock valued at $1,871,484 in the last quarter. 0.03% of the stock is owned by insiders.

Exxon Mobil News Summary

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

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $157.28 on Tuesday. 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 stock has a fifty day moving average price of $142.63 and a two-hundred day moving average price of $125.07. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $159.60. The firm 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.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

About Exxon Mobil

(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.

Read More

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.