Fulcrum Equity Management Takes Position in Exxon Mobil Co. (NYSE:XOM)

Fulcrum Equity Management acquired a new position in Exxon Mobil Co. (NYSE:XOM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,272 shares of the oil and gas company’s stock, valued at approximately $90,000.

A number of other large investors have also modified their holdings of XOM. Sigma Investment Counselors Inc. grew its holdings in shares of Exxon Mobil by 0.4% during the second quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock valued at $2,745,000 after buying an additional 142 shares during the last quarter. Riverstone Advisors LLC grew its holdings in shares of Exxon Mobil by 0.5% during the second quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock valued at $2,349,000 after buying an additional 142 shares during the last quarter. Alpha Windward LLC grew its holdings in shares of Exxon Mobil by 3.1% during the second quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 144 shares during the last quarter. Saratoga Research & Investment Management grew its holdings in shares of Exxon Mobil by 4.1% during the second quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 145 shares during the last quarter. Finally, Jupiter Wealth Management LLC grew its holdings in shares of Exxon Mobil by 0.4% during the second quarter. Jupiter Wealth Management LLC now owns 40,712 shares of the oil and gas company’s stock valued at $3,073,000 after buying an additional 145 shares during the last quarter. 54.39% of the stock is owned by institutional investors.

Shares of Exxon Mobil stock traded down $1.27 during mid-day trading on Tuesday, hitting $69.07. The stock had a trading volume of 8,424,042 shares, compared to its average volume of 11,515,030. The firm has a 50-day moving average of $69.55 and a two-hundred day moving average of $72.87. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $83.49. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 0.13. The firm has a market cap of $299.44 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 2.70 and a beta of 0.97.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. Exxon Mobil had a net margin of 5.43% and a return on equity of 7.45%. The business had revenue of $65.05 billion during the quarter, compared to analysts’ expectations of $65.86 billion. During the same quarter in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was down 15.1% on a year-over-year basis. Sell-side analysts expect that Exxon Mobil Co. will post 2.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a $0.87 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.48 annualized dividend and a dividend yield of 5.04%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.

Several research firms recently weighed in on XOM. Independent Research set a $74.00 price target on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Jefferies Financial Group reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Exxon Mobil in a research note on Friday, November 1st. Zacks Investment Research cut shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a research note on Monday, July 22nd. Credit Suisse Group set a $74.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Bank of America reaffirmed a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research note on Friday, September 27th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $78.91.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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