Oliver Luxxe Assets LLC Has $3.05 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Oliver Luxxe Assets LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 22.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,927 shares of the oil and gas company’s stock after selling 7,309 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Exxon Mobil were worth $3,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. KB Financial Partners LLC bought a new stake in Exxon Mobil during the first quarter worth about $27,000. IMA Wealth Inc. raised its stake in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares in the last quarter. FWL Investment Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. raised its stake in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 396 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. acquired a new position in Exxon Mobil during the third quarter worth about $49,000. Institutional investors own 58.53% of the company’s stock.

Insider Activity

In other news, Director Jeffrey W. Ubben sold 2,077,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Leonard M. Fox sold 12,000 shares of Exxon Mobil stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $102.65, for a total value of $1,231,800.00. Following the completion of the sale, the vice president now owns 220,678 shares of the company’s stock, valued at approximately $22,652,596.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey W. Ubben sold 2,077,000 shares of Exxon Mobil stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total value of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group lowered their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Mizuho downgraded Exxon Mobil from a “buy” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research note on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Tuesday, January 23rd. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.53.

Check Out Our Latest Analysis on Exxon Mobil

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $101.77 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $100.75 and its two-hundred day simple moving average is $106.35. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The stock has a market cap of $403.31 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 3.69 and a beta of 0.97.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period last year, the business earned $3.40 EPS. The business’s revenue was down 11.6% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 9.39 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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

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