Tufton Capital Management Has $9.85 Million Holdings in Exxon Mobil Corporation $XOM

Tufton Capital Management grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,352 shares of the oil and gas company’s stock after acquiring an additional 4,931 shares during the quarter. Exxon Mobil comprises 1.8% of Tufton Capital Management’s holdings, making the stock its 18th largest holding. Tufton Capital Management’s holdings in Exxon Mobil were worth $9,848,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Westfuller Advisors LLC acquired a new position in Exxon Mobil during the third quarter worth $30,000. Bare Financial Services Inc grew its holdings in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the last quarter. Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil during the third quarter worth about $40,000. TruNorth Capital Management LLC increased its position in shares of Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. acquired a new stake in shares of Exxon Mobil in the 2nd quarter worth about $42,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $134.93 on Monday. The company has a market capitalization of $569.03 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 8.62 and a beta of 0.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $135.98. The company has a 50-day simple moving average of $120.74 and a 200 day simple moving average of $115.29.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $83.33 billion for the quarter, compared to analysts’ expectations of $83.09 billion. During the same period in the previous year, the company earned $1.92 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.1%. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analyst Ratings Changes

A number of equities analysts have issued reports on XOM shares. Mizuho lifted their price target on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Zacks Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Citigroup upped their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Sanford C. Bernstein lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $131.84.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.