ExxonMobil Corporation $XOM Shares Acquired by Claro Advisors Inc.

Claro Advisors Inc. increased its stake in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 1,200.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,289 shares of the oil and gas company’s stock after acquiring an additional 40,884 shares during the quarter. ExxonMobil comprises approximately 0.7% of Claro Advisors Inc.’s holdings, making the stock its 27th largest holding. Claro Advisors Inc.’s holdings in ExxonMobil were worth $7,208,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of XOM. REAP Financial Group LLC lifted its position in shares of ExxonMobil by 2.8% in the 3rd quarter. REAP Financial Group LLC now owns 10,337 shares of the oil and gas company’s stock worth $1,682,000 after acquiring an additional 282 shares during the period. B&D White Capital Company LLC acquired a new stake in shares of ExxonMobil during the 3rd quarter worth approximately $225,000. Capstone Wealth Management LLC increased its position in shares of ExxonMobil by 2.7% during the third quarter. Capstone Wealth Management LLC now owns 3,954 shares of the oil and gas company’s stock valued at $643,000 after purchasing an additional 103 shares during the period. Quest 10 Wealth Builders Inc. bought a new stake in shares of ExxonMobil during the third quarter valued at approximately $326,000. Finally, TFB Advisors LLC bought a new stake in shares of ExxonMobil during the third quarter valued at approximately $235,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Down 2.2%

NYSE XOM opened at $165.49 on Friday. ExxonMobil Corporation has a 1-year low of $113.64 and a 1-year high of $188.50. The company has a market capitalization of $675.06 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 0.83 and a beta of 0.16. The stock’s 50 day moving average is $168.65 and its two-hundred day moving average is $155.24. The company has a current ratio of 1.19, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, October 30th. The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.11. ExxonMobil had a return on equity of 16.63% and a net margin of 10.24%. The business had revenue of $110.50 billion during the quarter, compared to analysts’ expectations of $104.89 billion. During the same period in the prior year, the firm posted $1.88 EPS. Equities analysts forecast that ExxonMobil Corporation will post 13.54 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Monday, November 16th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 2.6%. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s payout ratio is presently 42.34%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Wall Street Analyst Weigh In

Several brokerages recently commented on XOM. HSBC reaffirmed a “hold” rating and issued a $90.00 target price on shares of ExxonMobil in a research report on Friday, September 25th. Mizuho decreased their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Barclays boosted their price target on shares of ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Citigroup increased their price objective on shares of ExxonMobil from $155.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, ExxonMobil presently has a consensus rating of “Hold” and an average target price of $170.74.

View Our Latest Stock Report on ExxonMobil

About ExxonMobil

(Free Report)

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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