Resources Management Corp CT ADV acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 137,166 shares of the oil and gas company’s stock, valued at approximately $9,685,000. Exxon Mobil accounts for about 1.8% of Resources Management Corp CT ADV’s holdings, making the stock its 14th largest position.
Several other hedge funds and other institutional investors have also modified their holdings of XOM. Legacy Capital Partners Inc. increased its holdings in Exxon Mobil by 5.2% in the 2nd quarter. Legacy Capital Partners Inc. now owns 45,982 shares of the oil and gas company’s stock worth $3,524,000 after acquiring an additional 2,272 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Exxon Mobil by 18.5% during the second quarter. Sound Income Strategies LLC now owns 5,864 shares of the oil and gas company’s stock worth $449,000 after purchasing an additional 914 shares in the last quarter. Cardan Capital Partners LLC raised its position in shares of Exxon Mobil by 37.7% during the 2nd quarter. Cardan Capital Partners LLC now owns 16,409 shares of the oil and gas company’s stock worth $1,257,000 after purchasing an additional 4,495 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of Exxon Mobil by 3.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 6,384 shares of the oil and gas company’s stock worth $489,000 after purchasing an additional 202 shares during the last quarter. Finally, Newport Wealth Strategies Inc. raised its position in shares of Exxon Mobil by 0.8% during the 2nd quarter. Newport Wealth Strategies Inc. now owns 40,217 shares of the oil and gas company’s stock worth $3,036,000 after purchasing an additional 311 shares during the last quarter. Institutional investors and hedge funds own 54.51% of the company’s stock.
Shares of XOM stock traded up $0.77 during trading hours on Wednesday, reaching $68.65. The company had a trading volume of 11,029,712 shares, compared to its average volume of 11,482,193. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $83.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. The company has a market capitalization of $288.27 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.67 and a beta of 0.99. The stock has a fifty day moving average of $69.15 and a 200-day moving average of $71.81.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Friday, November 8th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.
Several equities research analysts recently issued reports on XOM shares. Royal Bank of Canada reiterated a “neutral” rating and issued a $75.00 price objective on shares of Exxon Mobil in a report on Friday, November 1st. Berenberg Bank reissued a “neutral” rating and set a $63.00 target price on shares of Exxon Mobil in a report on Friday, November 1st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 target price on shares of Exxon Mobil in a research report on Friday, November 1st. UBS Group lowered their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $79.00.
In related news, VP Liam M. Mallon sold 32,287 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the completion of the sale, the vice president now directly owns 211,289 shares in the company, valued at $14,422,587.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is owned by company insiders.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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