Exxon Mobil Corporation $XOM Holdings Raised by Armstrong Fleming & Moore Inc

Armstrong Fleming & Moore Inc grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 623.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,224 shares of the oil and gas company's stock after purchasing an additional 18,292 shares during the period. Exxon Mobil comprises about 1.2% of Armstrong Fleming & Moore Inc's holdings, making the stock its 13th biggest holding. Armstrong Fleming & Moore Inc's holdings in Exxon Mobil were worth $2,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of XOM. Nuveen LLC purchased a new stake in shares of Exxon Mobil during the first quarter valued at $2,730,414,000. GQG Partners LLC lifted its holdings in shares of Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth about $607,621,000. Ameriprise Financial Inc. lifted its stake in Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Exxon Mobil by 72.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock worth $598,280,000 after acquiring an additional 2,332,293 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.8%

XOM opened at $110.93 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $124.26. The business has a 50-day moving average of $111.32 and a 200-day moving average of $109.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market capitalization of $472.94 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio is currently 56.25%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays reduced their price objective on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday. Morgan Stanley increased their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research note on Wednesday. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Mizuho reduced their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.95.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.