CRA Financial Services LLC Acquires 209 Shares of Exxon Mobil Co. (NYSE:XOM)


CRA Financial Services LLC increased its holdings of Exxon Mobil Co. (NYSE:XOM – Get Rating) stock by 0.8% in the first quarter, Holdings Channel reports. The company owned 25,497 shares of the oil and gas company’s shares after purchasing an additional 209 shares during the quarter. CRA Financial Services LLC’s holdings in Exxon Mobil were worth $2,106,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Minot Wealth Management LLC increased its stake in Exxon Mobil by 15.5% in the first quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock valued at $3,378,000 after purchasing an additional 5,477 shares during the period. The Federal Bank of Tennessee increased its stake in Exxon Mobil by 1.1% in the first quarter. The Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company, valued at $1,170,000, after buying another 150 shares during the period. Crestwood Advisors Group LLC increased its position in Exxon Mobil shares by 19.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 80,324 shares of the oil and gas company’s stock valued at $4,915,000 after purchasing an additional 13,073 shares last quarter. Green Square Capital Advisors LLC increased its stake in Exxon Mobil by 3.4% in the fourth quarter. Green Square Capital Advisors LLC now owns 41,690 shares of the oil and gas company valued at $2,551,000 after purchasing an additional 1,352 shares during the period. Finally, Allied Investment Advisors LLC increased its stake in Exxon Mobil by 0.5% during the first quarter. Allied Investment Advisors LLC now owns 121,494 shares of the oil and gas company, valued at $10,034,000, after purchasing an additional 618 shares last quarter. 54.07% of the shares are owned by institutional investors.

A number of research firms have recently commented on XOM. Morgan Stanley raised its target price on Exxon Mobil shares to $107.00 from $103.00 and rated the stock as “overweight” in a research report on Monday, June 6. JPMorgan Chase & Co. set a price target of $100.00 for shares of Exxon Mobil in a report dated Tuesday, March 29. MKM Partners raised its target price on Exxon Mobil shares to $84.00 from $81.00 and gave the company a “buy” rating in a report on Monday, March 7th. The Royal Bank of Canada downgraded Exxon Mobil on Thursday, May 21. Finally, on Monday, May 2, StockNews.com downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a research note. Two investment analysts have rated the stock with a sell rating, ten have given it a hold rating and eleven have given it a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $89.24.

Also on Tuesday, June 7, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction. The shares were 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, valued at approximately $3,121,620.03. The sale was disclosed in a filing with the Securities & Exchange Commission available at this hyperlink. Also on Thursday, May 26, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction. The stock sold at an average price of $96.65 for a total value of $241,625.00. Upon completion of the sale, the Vice President now owns 32,510 shares of the Company, valued at $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the shares are owned by company insiders.

XOM opened at $89.03 on Tuesday. The stock has a market cap of $375.04 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.35, and a beta of 1.05. The company has a 50-day moving average price of $91.47 and a 200-day moving average price of $81.42. Exxon Mobil Co. has a 12-month low of $52.10 and a 12-month high of $105.57. The company has a quick ratio of 0.76, a current ratio of 1.07 and a debt to equity ratio of 0.24.

Exxon Mobil (NYSE:XOM – Get Rating) last reported its earnings results on Friday, April 29th. The oil and gas company reported earnings per share of $2.07 for the quarter, missing analyst consensus estimates of $2.25 ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company made $90.50 billion in revenue for the quarter, compared to analysts’ expectations of $83.57 billion. In the same quarter last year, the company reported earnings per share of $0.65. Exxon Mobil’s quarterly revenue increased 53.0% year over year. As a group, analysts expect Exxon Mobil Co. to report year-to-date earnings per share of 10.26.

The company also recently announced a quarterly dividend, which was paid on Friday, June 10th. A dividend of $0.88 per share was paid to shareholders of record on Friday, May 13. The ex-dividend date was Thursday May 12th. That equates to a dividend of $3.52 on an annualized basis and a dividend yield of 3.95%. Exxon Mobil’s payout ratio is currently 58.37%.

About ExxonMobil (received 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, trading, transportation 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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Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Exxon Mobil Co. (NYSE:XOM – Get Rating).

Institutional ownership by quarter for Exxon Mobil (NYSE:XOM)



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