Cutler Investment Counsel LLC Buys 4,500 Shares of Exxon Mobil Co. (NYSE:XOM)

Cutler Investment Counsel LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,246 shares of the oil and gas company’s stock after acquiring an additional 4,500 shares during the period. Exxon Mobil accounts for about 1.6% of Cutler Investment Counsel LLC’s portfolio, making the stock its 26th biggest position. Cutler Investment Counsel LLC’s holdings in Exxon Mobil were worth $11,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Qube Research & Technologies Ltd acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $35,101,000. Envestnet Asset Management Inc. boosted its holdings in shares of Exxon Mobil by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,885,156 shares of the oil and gas company’s stock valued at $176,543,000 after purchasing an additional 87,607 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $2,946,000. Jackson Thornton Asset Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $370,000. Finally, Financial Strategies Group Inc. boosted its holdings in shares of Exxon Mobil by 9.9% in the 4th quarter. Financial Strategies Group Inc. now owns 16,387 shares of the oil and gas company’s stock valued at $1,003,000 after purchasing an additional 1,479 shares in the last quarter. Institutional investors own 54.07% of the company’s stock.

Exxon Mobil Trading Up 0.7 %

XOM traded up $0.60 during midday trading on Wednesday, hitting $92.06. 350,713 shares of the company were exchanged, compared to its average volume of 19,469,090. The firm has a market capitalization of $383.67 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.31 and a beta of 1.09. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The firm’s 50 day moving average price is $89.96 and its 200-day moving average price is $86.87. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same period last year, the company posted $1.10 EPS. The business’s quarterly revenue was up 70.8% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 12.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on XOM. Citigroup raised their target price on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 19th. HSBC raised their price objective on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Credit Suisse Group reissued an “outperform” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, August 11th. Cowen raised their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Finally, Argus raised their price objective on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus price target of $96.40.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,147 shares of company stock valued at $698,858. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Profile

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

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