Stillwater Wealth Management Group Invests $2.87 Million in Exxon Mobil Corporation $XOM

Stillwater Wealth Management Group acquired a new stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,459 shares of the oil and gas company’s stock, valued at approximately $2,870,000. Exxon Mobil accounts for about 2.0% of Stillwater Wealth Management Group’s portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ipsen Advisor Group LLC grew its holdings in Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after purchasing an additional 88 shares during the period. Nexus Investment Management ULC raised 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 worth $653,000 after buying an additional 89 shares during the period. Sagace Wealth Management LLC raised 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 worth $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% during the 3rd quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after buying an additional 91 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of Exxon Mobil by 2.4% during the 3rd quarter. Tortoise Investment Management LLC now owns 3,900 shares of the oil and gas company’s stock valued at $440,000 after buying an additional 91 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Royal Bank Of Canada increased their target price on shares of Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. UBS Group reaffirmed a “buy” rating and set a $171.00 price target on shares of Exxon Mobil in a report on Monday, February 2nd. Mizuho upped their price target on shares of Exxon Mobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a research report on Tuesday. Piper Sandler increased their price objective on shares of Exxon Mobil from $145.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average price target of $148.35.

Read Our Latest Report on Exxon Mobil

Exxon Mobil News Summary

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

Exxon Mobil Stock Down 0.8%

Shares of XOM opened at $157.58 on Thursday. The business’s 50 day moving average is $144.16 and its 200 day moving average is $125.61. 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 Corporation has a 12-month low of $97.80 and a 12-month high of $160.45. The company has a market capitalization of $656.60 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.24 and a beta of 0.35.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share 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 business had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This trade represents a 17.49% 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 have sold 11,460 shares of company stock worth $1,687,854 over the last three months. Company insiders own 0.03% of the company’s stock.

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.

Further Reading

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

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