Exxon Mobil Corporation $XOM Shares Purchased by Oarsman Capital Inc.

Oarsman Capital Inc. lifted its position in Exxon Mobil Corporation (NYSE:XOM) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,828 shares of the oil and gas company’s stock after purchasing an additional 212 shares during the period. Oarsman Capital Inc.’s holdings in Exxon Mobil were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in XOM. Motco raised its position in shares of Exxon Mobil by 5.3% in the second quarter. Motco now owns 103,290 shares of the oil and gas company’s stock valued at $11,531,000 after buying an additional 5,168 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Exxon Mobil by 3.0% during the second quarter. Jennison Associates LLC now owns 1,827,598 shares of the oil and gas company’s stock worth $197,015,000 after purchasing an additional 52,787 shares in the last quarter. Winebrenner Capital Management LLC lifted its position in shares of Exxon Mobil by 2.6% during the second quarter. Winebrenner Capital Management LLC now owns 8,762 shares of the oil and gas company’s stock worth $945,000 after purchasing an additional 221 shares in the last quarter. Mizuho Markets Cayman LP acquired a new stake in Exxon Mobil in the second quarter valued at approximately $144,147,000. Finally, Zhang Financial LLC raised its holdings in Exxon Mobil by 2.1% in the second quarter. Zhang Financial LLC now owns 27,587 shares of the oil and gas company’s stock valued at $2,974,000 after acquiring an additional 563 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM stock opened at $116.34 on Thursday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $113.08 and its 200 day simple moving average is $109.83. The firm has a market cap of $496.00 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.04 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XOM. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Wells Fargo & Company began coverage on Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price target for the company. Melius Research assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $127.58.

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.