Marathon Strategic Advisors LLC Buys Shares of 13,713 Exxon Mobil Corporation $XOM

Marathon Strategic Advisors LLC purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,713 shares of the oil and gas company’s stock, valued at approximately $1,546,000. Exxon Mobil comprises 1.2% of Marathon Strategic Advisors LLC’s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Game Plan Financial Advisors LLC raised its holdings in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil during the 2nd quarter valued at about $38,000. Bare Financial Services Inc raised its stake in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares in the last quarter. 1248 Management LLC acquired a new stake in Exxon Mobil in the 1st quarter worth approximately $40,000. Finally, Investment Research & Advisory Group Inc. bought a new stake in Exxon Mobil during the second quarter worth approximately $42,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.0%

Shares of XOM opened at $116.56 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The company has a 50-day simple moving average of $115.93 and a 200-day simple moving average of $112.70. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81. The firm has a market capitalization of $491.57 billion, a P/E ratio of 16.94, a P/E/G ratio of 7.36 and a beta of 0.38.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $1.03 dividend. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Key Exxon Mobil News

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the sale, the vice president owned 28,584 shares in the company, valued at $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Cowen reiterated a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. Barclays decreased their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Citigroup lifted their price objective on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.45.

Get Our Latest Analysis on XOM

Exxon Mobil Company 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

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

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