Demming Financial Services Corp ADV Buys New Position in Exxon Mobil Corporation $XOM

Demming Financial Services Corp ADV purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,450 shares of the oil and gas company’s stock, valued at approximately $415,000. Exxon Mobil makes up about 0.3% of Demming Financial Services Corp ADV’s holdings, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Eagle Capital Management LLC lifted its position in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the period. Caxton Associates LLP bought a new stake in shares of Exxon Mobil in the 1st quarter worth $305,000. Sivia Capital Partners LLC raised its stake in shares of Exxon Mobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after buying an additional 207 shares in the last quarter. Castellan Group lifted its holdings in shares of Exxon Mobil by 2.9% in the second quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock valued at $2,853,000 after buying an additional 740 shares during the period. Finally, United Bank boosted its stake in Exxon Mobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after buying an additional 600 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $157.28 on Tuesday. The stock has a 50-day simple moving average of $142.63 and a 200 day simple moving average of $125.07. The stock has a market capitalization of $655.33 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 1.22 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.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter last year, the company posted $1.67 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were issued a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 13,380 shares of company stock valued at $1,871,484. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Sanford C. Bernstein lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. BMO Capital Markets restated a “market perform” rating and set a $155.00 price objective on shares of Exxon Mobil in a research report on Wednesday, February 4th. Loop Capital set a $123.00 price objective on shares of Exxon Mobil in a research note on Tuesday, February 3rd. Citigroup boosted their target price on shares of Exxon Mobil from $118.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Finally, Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $147.06.

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Key Exxon Mobil News

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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.

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

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