Marcum Wealth LLC Buys 4,711 Shares of Exxon Mobil Co. (NYSE:XOM)



Marcum Wealth LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 19.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,415 shares of the oil and gas company’s stock after buying an additional 4,711 during the quarter. Marcum Wealth LLC’s holdings in Exxon Mobil were worth $2,429,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in XOM. Patriot Financial Group Insurance Agency LLC grew its stake in Exxon Mobil by 13.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 24,022 shares of the oil and gas company’s stock valued at $1,470,000 after purchasing an additional 2,803 shares during the period. HBW Advisory Services LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $223,000. Stonnington Group LLC lifted its position in shares of Exxon Mobil by 1,168.3% during the 4th quarter. Stonnington Group LLC now owns 67,956 shares of the oil and gas company’s stock valued at $4,849,000 after buying an additional 62,598 shares during the last quarter. IFP Advisors Inc lifted its holdings in Exxon Mobil by 21.9% during the 4th quarter. IFP Advisors Inc now owns 70,711 shares of the oil and gas company’s stock worth $4,331,000 after purchasing an additional 12,687 shares in the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in Exxon Mobil by 2.5% during the 4th quarter. Pure Financial Advisors LLC now owns 7,293 shares of the oil and gas company’s stock worth $446,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

In other news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

Several research firms have weighed in on XOM. Citigroup raised their price target on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. Argus raised their price target on Exxon Mobil from $92.00 to $104.00 in a research report on Monday, May 9th. MKM Partners raised their price target on Exxon Mobil from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, March 7th. JPMorgan Chase & Co. set a $100.00 price objective on Exxon Mobil in a report on Tuesday, March 29th. Finally, Credit Suisse Group upgraded Exxon Mobil from a “neutral” rating to an “outperform” rating and increased their objective price for the stock from $115.00 to $125.00 in a report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average target price of $90.48.

Shares of NYSE XOM opened at $87.55 on Friday. The business’s 50 day moving average is $91.57 and its two-hundred day moving average is $82.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The stock has a market capitalization of $368.81 billion, a P/E ratio of 14.52, a PEG ratio of 0.35 and a beta of 1.05.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The company had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. The company’s revenue was up 53.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 10.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were paid a dividend of $0.88 per share. The ex-dividend date was Thursday, May 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.02%. Exxon Mobil’s dividend payout ratio is 58.37%.

Exxon Mobil Company Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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



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