Exxon Mobil Corporation $XOM Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC decreased its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 34,767 shares of the oil and gas company’s stock after selling 6,837 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Exxon Mobil were worth $3,920,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $6,163,719,000. First Trust Advisors LP grew its position in Exxon Mobil by 150.2% during the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after purchasing an additional 4,563,707 shares during the last quarter. Cerity Partners LLC increased its stake in Exxon Mobil by 200.7% in the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after purchasing an additional 4,015,099 shares during the period. Laurel Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 10,809.8% in the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after buying an additional 3,066,736 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Exxon Mobil by 119.4% in the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock valued at $301,310,000 after buying an additional 1,454,308 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $146.01 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $156.93. The company has a market cap of $615.75 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 15.40 and a beta of 0.39. The business has a fifty day moving average of $130.47 and a two-hundred day moving average of $119.33.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 EPS. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s payout ratio is 61.58%.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. TD Cowen boosted their price target on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Mizuho set a $140.00 target price on Exxon Mobil in a research note on Wednesday, February 4th. Citigroup boosted their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. 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. Finally, Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.59.

View Our Latest Research Report on Exxon Mobil

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president owned 20,354 shares of the company’s stock, valued at $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is owned by insiders.

Key Headlines Impacting Exxon Mobil

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About Exxon Mobil

(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.

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

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