Alliance Wealth Management Group raised its position in Exxon Mobil Co. (NYSE:XOM) by 100.0% in the third quarter, Holdings Channel reports. The institutional investor owned 8,006 shares of the oil and gas company’s stock after purchasing an additional 4,003 shares during the period. Alliance Wealth Management Group’s holdings in Exxon Mobil were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. CWH Capital Management Inc. acquired a new position in shares of Exxon Mobil in the second quarter valued at approximately $114,000. Acrospire Investment Management LLC increased its holdings in shares of Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 50 shares during the period. Saratoga Research & Investment Management acquired a new position in shares of Exxon Mobil in the third quarter valued at approximately $172,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Exxon Mobil in the second quarter valued at approximately $175,000. Institutional investors own 51.65% of the company’s stock.
Shares of Exxon Mobil Co. (NYSE XOM) opened at $75.86 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $321,430.00, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.02 and a beta of 0.82. Exxon Mobil Co. has a 12-month low of $73.90 and a 12-month high of $89.30.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 4.06%. Exxon Mobil’s payout ratio is 95.36%.
In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at $15,750,555.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Neil A. Chapman sold 12,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the sale, the vice president now owns 291,385 shares in the company, valued at $24,199,524.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is owned by company insiders.
A number of research firms have recently issued reports on XOM. Vetr raised Exxon Mobil from a “buy” rating to a “strong-buy” rating and set a $90.47 target price on the stock in a report on Friday, November 17th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Friday, November 24th. Goldman Sachs Group reissued a “neutral” rating and issued a $96.00 target price on shares of Exxon Mobil in a report on Thursday, February 1st. Wells Fargo & Co set a $88.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, Barclays lowered Exxon Mobil from an “overweight” rating to an “underweight” rating and dropped their target price for the company from $91.00 to $84.00 in a report on Tuesday, February 6th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $87.02.
Exxon Mobil Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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