Hohimer Wealth Management LLC Purchases 11,623 Shares of Exxon Mobil Corporation $XOM

Hohimer Wealth Management LLC raised its position in Exxon Mobil Corporation (NYSE:XOMFree Report) by 24.8% during the third quarter, Holdings Channel reports. The firm owned 58,464 shares of the oil and gas company’s stock after purchasing an additional 11,623 shares during the period. Exxon Mobil comprises 0.9% of Hohimer Wealth Management LLC’s portfolio, making the stock its 17th largest holding. Hohimer Wealth Management LLC’s holdings in Exxon Mobil were worth $6,592,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Westfuller Advisors LLC bought a new stake in Exxon Mobil during the third quarter valued at $30,000. Bare Financial Services Inc raised its position in shares of Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares in the last quarter. Clayton Financial Group LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at about $40,000. TruNorth Capital Management LLC boosted its position in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC boosted its position in shares of Exxon Mobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM opened at $148.47 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $156.93. The company has a market cap of $618.64 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 15.46 and a beta of 0.39. The company’s fifty day moving average price is $134.92 and its two-hundred day moving average price is $121.24. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s payout ratio is currently 61.58%.

Trending Headlines about Exxon Mobil

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Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,230 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 14,230 shares of company stock valued at $1,888,421 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on XOM. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Royal Bank Of Canada increased their target price on shares of Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Piper Sandler decreased their price target on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Sanford C. Bernstein cut their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $140.59.

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Exxon Mobil Company Profile

(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.

See Also

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

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