Exxon Mobil Corporation $XOM Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB raised its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 156,377 shares of the oil and gas company’s stock after purchasing an additional 4,949 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Exxon Mobil were worth $17,632,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Eagle Capital Management LLC lifted its position in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Exxon Mobil in the 1st quarter valued at $305,000. WBI Investments LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $266,000. Advisors Capital Management LLC boosted its position in Exxon Mobil by 2.5% during the 1st quarter. Advisors Capital Management LLC now owns 106,578 shares of the oil and gas company’s stock worth $12,675,000 after purchasing an additional 2,600 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after purchasing an additional 131,600 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on XOM. Citigroup raised their price objective on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Cowen reiterated a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Morgan Stanley raised their target price on Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, December 10th. UBS Group restated a “buy” rating on shares of Exxon Mobil in a report on Friday. Finally, Barclays lowered their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $129.71.

View Our Latest Stock Analysis on Exxon Mobil

Key Stories Impacting Exxon Mobil

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

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $124.60 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $125.93. The business has a 50 day moving average price of $118.05 and a two-hundred day moving average price of $113.87. The firm has a market cap of $525.44 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 7.57 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

Insider Activity

In other news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

(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.

Featured Stories

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

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