Exxon Mobil Co. (XOM) Shares Bought by FormulaFolio Investments LLC

FormulaFolio Investments LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 32.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,929 shares of the oil and gas company’s stock after acquiring an additional 7,885 shares during the period. FormulaFolio Investments LLC’s holdings in Exxon Mobil were worth $2,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Hennessy Advisors Inc. grew its stake in Exxon Mobil by 28.0% during the 1st quarter. Hennessy Advisors Inc. now owns 138,160 shares of the oil and gas company’s stock worth $11,331,000 after buying an additional 30,260 shares during the last quarter. Wedgewood Investors Inc. PA grew its stake in Exxon Mobil by 0.4% during the 1st quarter. Wedgewood Investors Inc. PA now owns 24,147 shares of the oil and gas company’s stock worth $1,980,000 after buying an additional 100 shares during the last quarter. Robinson Value Management Ltd. grew its stake in Exxon Mobil by 1.2% during the 1st quarter. Robinson Value Management Ltd. now owns 18,783 shares of the oil and gas company’s stock worth $1,540,000 after buying an additional 231 shares during the last quarter. Bank of Stockton grew its stake in Exxon Mobil by 2.7% during the 1st quarter. Bank of Stockton now owns 11,445 shares of the oil and gas company’s stock worth $938,000 after buying an additional 299 shares during the last quarter. Finally, Tufton Capital Management grew its stake in Exxon Mobil by 13.9% during the 1st quarter. Tufton Capital Management now owns 157,177 shares of the oil and gas company’s stock worth $12,890,000 after buying an additional 19,186 shares during the last quarter. 51.05% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Co. (XOM) opened at $83.85 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $76.05 and a 12 month high of $91.34. The firm has a market capitalization of $349,307.03, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 1.73 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. During the same period in the previous year, the business earned $0.63 earnings per share. equities research analysts predict that Exxon Mobil Co. will post 3.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were paid a $0.77 dividend. The ex-dividend date was Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.67%. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.

In related news, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at $15,750,555.59. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the sale, the vice president now owns 229,774 shares in the company, valued at $19,073,539.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,357 shares of company stock worth $4,273,910. Company insiders own 0.08% of the company’s stock.

A number of research analysts recently issued reports on XOM shares. UBS restated an “underweight” rating on shares of Exxon Mobil in a research note on Thursday, August 24th. Piper Jaffray Companies set a $76.00 price target on Exxon Mobil and gave the stock a “hold” rating in a research note on Friday, August 25th. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price target on the stock in a research note on Tuesday, August 29th. Royal Bank of Canada set a $90.00 price target on Exxon Mobil and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Finally, Jefferies Group set a $81.00 price target on Exxon Mobil and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $86.36.

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Exxon Mobil 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 (NYSE:XOM)

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