Ausdal Financial Partners Inc. Sells 883 Shares of Exxon Mobil Co. (NYSE:XOM)

Ausdal Financial Partners Inc. trimmed its position in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,294 shares of the oil and gas company’s stock after selling 883 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Exxon Mobil were worth $2,739,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. KB Financial Partners LLC acquired a new stake in Exxon Mobil in the first quarter valued at approximately $27,000. IMA Wealth Inc. lifted its stake in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $43,000. Turim 21 Investimentos Ltda. lifted its stake in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after buying an additional 396 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. purchased a new position in shares of Exxon Mobil in the third quarter worth about $49,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on XOM shares. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, December 8th. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Tuesday, January 23rd. Jefferies Financial Group raised their target price on Exxon Mobil from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.53.

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Exxon Mobil Trading Up 1.7 %

XOM opened at $103.97 on Friday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $120.70. The stock has a market capitalization of $412.02 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 3.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The business has a fifty day moving average price of $100.77 and a 200 day moving average price of $106.38.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.40 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 9.39 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Insider Transactions at Exxon Mobil

In other news, Director Jeffrey W. Ubben sold 2,077,000 shares of Exxon Mobil stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Exxon Mobil news, Director Jeffrey W. Ubben sold 2,077,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the sale, the director now owns 13,000 shares of the company’s stock, valued at $1,352,780. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Leonard M. Fox sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $102.65, for a total transaction of $1,231,800.00. Following the sale, the vice president now directly owns 220,678 shares in the company, valued at approximately $22,652,596.70. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

About Exxon Mobil

(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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