Ausdal Financial Partners Inc. Buys 8,469 Shares of Exxon Mobil Corporation $XOM

Ausdal Financial Partners Inc. grew its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 30.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,659 shares of the oil and gas company’s stock after purchasing an additional 8,469 shares during the period. Ausdal Financial Partners Inc.’s holdings in Exxon Mobil were worth $4,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. Westfuller Advisors LLC bought a new stake in Exxon Mobil in the 3rd quarter valued at about $30,000. Clayton Financial Group LLC bought a new position in Exxon Mobil in the third quarter worth approximately $40,000. TruNorth Capital Management LLC grew its stake in Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares during the period. Bare Financial Services Inc grew its stake in Exxon Mobil by 121.8% in the second 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 during the period. Finally, Halbert Hargrove Global Advisors LLC increased its holdings in shares of Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,150 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president directly owned 18,204 shares of the company’s stock, valued at $2,872,955.28. This trade represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 16,380 shares of company stock valued at $2,227,734 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Key Stories Impacting Exxon Mobil

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

Exxon Mobil Stock Up 1.8%

Shares of NYSE:XOM opened at $156.29 on Friday. The stock has a market cap of $651.20 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.28 and a beta of 0.35. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $159.60. The business’s 50 day moving average is $141.99 and its 200 day moving average is $124.68.

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, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. Exxon Mobil’s revenue was down 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were issued a $1.03 dividend. The ex-dividend date was Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America upped their target price on Exxon Mobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Piper Sandler boosted their price target on shares of Exxon Mobil from $145.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday. Mizuho set a $140.00 price objective on shares of Exxon Mobil in a report on Wednesday, February 4th. Wells Fargo & Company dropped 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 note on Monday, February 2nd. Finally, TD Cowen lifted their price objective on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $146.00.

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.

See Also

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.