Tcfg Wealth Management LLC Boosts Stake in Exxon Mobil Corporation $XOM

Tcfg Wealth Management LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 32.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,300 shares of the oil and gas company’s stock after acquiring an additional 3,506 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Exxon Mobil were worth $1,612,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Westfuller Advisors LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth $30,000. Clayton Financial Group LLC purchased a new position in Exxon Mobil in the third quarter valued at about $40,000. TruNorth Capital Management LLC raised its holdings in Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares in the last quarter. Bare Financial Services Inc raised its holdings in Exxon Mobil by 121.8% in 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 in the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its position in shares of Exxon Mobil by 95.8% during the third 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 currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent analyst reports. UBS Group restated a “buy” rating and issued a $171.00 price target on shares of Exxon Mobil in a report on Monday, February 2nd. Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 price target on shares of Exxon Mobil in a report on Wednesday, February 4th. Finally, Barclays upped their price target on Exxon Mobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a research report on Monday. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $148.35.

Check Out Our Latest Research Report on XOM

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. This trade represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 11,460 shares of company stock valued at $1,687,854 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Key Stories Impacting Exxon Mobil

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

Exxon Mobil Stock Up 1.0%

XOM stock opened at $158.86 on Wednesday. The firm has a 50 day moving average of $143.38 and a 200 day moving average of $125.38. The stock has a market capitalization of $661.92 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 1.23 and a beta of 0.35. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $160.45.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating 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 $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the prior year, the business posted $1.67 EPS. Exxon Mobil’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Exxon Mobil 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

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.