3,022 Shares in Exxon Mobil Corporation $XOM Bought by Arrowroot Family Office LLC

Arrowroot Family Office LLC bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 3,022 shares of the oil and gas company’s stock, valued at approximately $326,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nuveen LLC bought a new position in shares of Exxon Mobil in the first quarter valued at $2,730,414,000. GQG Partners LLC lifted its stake in shares of Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after buying an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of Exxon Mobil in the second quarter valued at $607,621,000. Ameriprise Financial Inc. lifted its stake in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after buying an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after buying an additional 2,332,293 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on XOM shares. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company began coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Mizuho dropped their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Finally, UBS Group raised their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.50.

Exxon Mobil Stock Performance

NYSE XOM opened at $114.09 on Wednesday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The company has a 50-day simple moving average of $113.35 and a 200 day simple moving average of $110.13. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a market capitalization of $486.40 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. On average, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio is 57.56%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.