Exxon Mobil Corporation (XOM) Shares Bought by Armbruster Capital Management Inc.

Armbruster Capital Management Inc. lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 20,221 shares of the oil and gas company’s stock after acquiring an additional 1,115 shares during the period. Exxon Mobil Corporation makes up approximately 0.9% of Armbruster Capital Management Inc.’s investment portfolio, making the stock its 16th largest holding. Armbruster Capital Management Inc.’s holdings in Exxon Mobil Corporation were worth $1,632,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Horizon Investment Services LLC grew its stake in shares of Exxon Mobil Corporation by 0.4% during the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after acquiring an additional 20 shares during the last quarter. Jag Capital Management LLC grew its stake in shares of Exxon Mobil Corporation by 0.5% during the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after acquiring an additional 26 shares during the last quarter. Harwood Advisory Group LLC grew its stake in shares of Exxon Mobil Corporation by 0.5% during the second quarter. Harwood Advisory Group LLC now owns 8,271 shares of the oil and gas company’s stock worth $668,000 after acquiring an additional 40 shares during the last quarter. Sonata Capital Group Inc. grew its stake in shares of Exxon Mobil Corporation by 0.9% during the first quarter. Sonata Capital Group Inc. now owns 5,522 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 50 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of Exxon Mobil Corporation by 0.4% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,519 shares of the oil and gas company’s stock worth $1,011,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 50.83% of the company’s stock.

In related news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Exxon Mobil Corporation (NYSE:XOM) opened at $82.94 on Monday. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $351,430.00, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.75 and a beta of 0.83.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same period in the prior year, the company earned $0.63 EPS. equities analysts predict that Exxon Mobil Corporation will post 3.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.

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A number of equities research analysts recently commented on XOM shares. Zacks Investment Research upgraded Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 target price on the stock. in a research report on Friday, October 6th. Barclays PLC reiterated an “overweight” rating and issued a $94.00 target price (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Friday, October 13th. Morgan Stanley reiterated an “underperform” rating on shares of Exxon Mobil Corporation in a research report on Thursday, October 19th. Finally, BNP Paribas set a $70.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Monday, September 25th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $85.57.

Exxon Mobil Corporation Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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

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