Fox Run Management L.L.C. Purchases New Position in Exxon Mobil Corporation $XOM

Fox Run Management L.L.C. acquired a new position in shares of Exxon Mobil Corporation (NYSE:XOM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,436 shares of the oil and gas company’s stock, valued at approximately $1,017,000.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC boosted its position in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the period. Brucke Financial Inc. lifted its holdings in shares of Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares during the period. MainStreet Investment Advisors LLC bought a new stake in shares of Exxon Mobil in the first quarter worth $217,000. CFO4Life Group LLC increased its holdings in Exxon Mobil by 6.9% in the first quarter. CFO4Life Group LLC now owns 27,739 shares of the oil and gas company’s stock valued at $3,299,000 after purchasing an additional 1,794 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC raised its position in Exxon Mobil by 4.6% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 22,540 shares of the oil and gas company’s stock worth $2,681,000 after purchasing an additional 995 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $117.19 on Friday. The firm has a 50 day moving average of $113.45 and a 200-day moving average of $110.28. The company has a market cap of $499.59 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

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

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. UBS Group lifted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. 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. Finally, Wells Fargo & Company began coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They issued an “overweight” rating and a $156.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.50.

Exxon Mobil 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.