Mountain Capital Investment Advisors Inc Acquires Shares of 2,516 Exxon Mobil Co. (XOM)

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Mountain Capital Investment Advisors Inc acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,516 shares of the oil and gas company’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Macroview Investment Management LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $102,000. Corbyn Investment Management Inc. MD purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $110,000. KHP Capital LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $111,000. Clearwater Capital Advisors LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $122,000. Finally, Trilogy Capital Inc. purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $149,000. 52.43% of the stock is currently owned by institutional investors.

Shares of NYSE XOM opened at $81.64 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $347.26 billion, a P/E ratio of 22.74, a PEG ratio of 1.33 and a beta of 0.86. Exxon Mobil Co. has a 52-week low of $72.15 and a 52-week high of $89.30.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.25. The firm had revenue of $76.61 billion during the quarter, compared to analyst estimates of $72.91 billion. Exxon Mobil had a return on equity of 9.56% and a net margin of 8.15%. Exxon Mobil’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 4.63 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be issued a $0.82 dividend. The ex-dividend date is Friday, November 9th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.02%. Exxon Mobil’s payout ratio is 91.36%.

Several research analysts have issued reports on XOM shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $88.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 10th. Macquarie restated a “sell” rating and set a $70.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 10th. Barclays restated a “sell” rating and set a $84.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 10th. Credit Suisse Group restated a “neutral” rating and set a $80.00 target price on shares of Exxon Mobil in a research report on Wednesday, July 11th. Finally, Societe Generale restated a “buy” rating and set a $87.00 target price on shares of Exxon Mobil in a research report on Wednesday, July 11th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $86.82.

In related news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the sale, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by insiders.

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Exxon Mobil 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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

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