Halpern Financial Inc. Purchases 2,677 Shares of Exxon Mobil Co. (NYSE:XOM)

Halpern Financial Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 6.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,611 shares of the oil and gas company’s stock after buying an additional 2,677 shares during the quarter. Exxon Mobil makes up about 1.3% of Halpern Financial Inc.’s holdings, making the stock its 19th biggest holding. Halpern Financial Inc.’s holdings in Exxon Mobil were worth $4,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after acquiring an additional 4,162,149 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares during the last quarter. Morgan Stanley boosted its holdings in Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after purchasing an additional 1,066,937 shares during the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the fourth quarter worth approximately $5,226,390,000. Finally, Northern Trust Corp boosted its holdings in Exxon Mobil by 1.3% in the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after purchasing an additional 576,078 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. TD Cowen upgraded shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research note on Tuesday, January 23rd. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Finally, Mizuho lifted their price target on shares of Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $128.18.

Get Our Latest Analysis on XOM

Exxon Mobil Stock Up 1.1 %

XOM opened at $116.24 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a market cap of $461.22 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 4.26 and a beta of 0.96. The firm’s fifty day moving average is $106.11 and its 200 day moving average is $105.96. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the previous year, the firm posted $3.40 EPS. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, sell-side analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Exxon Mobil Company Profile

(Free Report)

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.

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

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