Hartford Financial Management Inc. Grows Position in Exxon Mobil Corporation (XOM)

Hartford Financial Management Inc. increased its position in Exxon Mobil Corporation (NYSE:XOM) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,143 shares of the oil and gas company’s stock after buying an additional 551 shares during the period. Hartford Financial Management Inc.’s holdings in Exxon Mobil Corporation were worth $2,352,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in XOM. Riggs Asset Managment Co. Inc. increased its holdings in Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after buying an additional 292 shares during the last quarter. Horan Securities Inc. increased its holdings in Exxon Mobil Corporation by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares during the last quarter. Watermark Asset Management Inc. acquired a new position in Exxon Mobil Corporation in the first quarter worth approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock worth $152,000 after buying an additional 220 shares during the last quarter. Finally, David R. Rahn & Associates Inc. acquired a new position in Exxon Mobil Corporation in the second quarter worth approximately $207,000. Hedge funds and other institutional investors own 50.82% of the company’s stock.

In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Exxon Mobil Corporation (NYSE XOM) opened at $83.18 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.53 and a current ratio of 0.85. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.21. The stock has a market capitalization of $352.44 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. During the same period in the prior year, the company posted $0.63 earnings per share. equities analysts anticipate that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.70%. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.

XOM has been the subject of a number of recent analyst reports. Vetr raised Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price for the company in a research report on Tuesday, August 29th. Wolfe Research cut Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Zacks Investment Research cut Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, July 14th. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, Piper Jaffray Companies set a $76.00 target price on Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Friday, August 25th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and an average price target of $85.75.

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Exxon Mobil Corporation Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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

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