Exxon Mobil Corporation (XOM) is Boys Arnold & Co. Inc.’s 4th Largest Position

Exxon Mobil Corporation (XOM) is Boys Arnold & Co. Inc.’s 4th Largest Position

Boys Arnold & Co. Inc. reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,984 shares of the company’s stock after selling 1,535 shares during the period. Exxon Mobil Corporation comprises 2.5% of Boys Arnold & Co. Inc.’s investment portfolio, making the stock its 4th largest position. Boys Arnold & Co. Inc.’s holdings in Exxon Mobil Corporation were worth $14,662,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its stake in Exxon Mobil Corporation by 0.3% in the second quarter. Carroll Financial Associates Inc. now owns 179,160 shares of the company’s stock worth $16,794,000 after buying an additional 562 shares during the period. Trust Co. of Vermont increased its stake in Exxon Mobil Corporation by 1.4% in the second quarter. Trust Co. of Vermont now owns 206,493 shares of the company’s stock worth $19,357,000 after buying an additional 2,908 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Exxon Mobil Corporation by 0.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 135,814 shares of the company’s stock worth $12,731,000 after buying an additional 1,228 shares during the period. Woodley Farra Manion Portfolio Management Inc. increased its stake in Exxon Mobil Corporation by 4.7% in the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 48,470 shares of the company’s stock worth $4,544,000 after buying an additional 2,195 shares during the period. Finally, James Investment Research Inc. increased its stake in Exxon Mobil Corporation by 15.2% in the second quarter. James Investment Research Inc. now owns 450,188 shares of the company’s stock worth $42,201,000 after buying an additional 59,513 shares during the period. Hedge funds and other institutional investors own 51.14% of the company’s stock.

Exxon Mobil Corporation (NYSE:XOM) opened at 85.51 on Friday. The company has a market capitalization of $354.58 billion, a price-to-earnings ratio of 40.03 and a beta of 0.89. The company’s 50-day moving average is $88.50 and its 200-day moving average is $87.65. Exxon Mobil Corporation has a 52-week low of $73.55 and a 52-week high of $95.55.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Thursday, February 9th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, February 7th. This represents a $3.00 dividend on an annualized basis and a yield of 3.51%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 140.19%.

XOM has been the subject of a number of recent research reports. J P Morgan Chase & Co set a $94.00 price target on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Monday, January 9th. Bank of America Corporation set a $100.00 target price on shares of Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Monday, October 10th. Barclays PLC reaffirmed an “equal weight” rating and issued a $100.00 target price on shares of Exxon Mobil Corporation in a research note on Monday, October 10th. BNP Paribas set a $80.00 target price on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, October 11th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Exxon Mobil Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $98.00 to $93.00 in a research note on Monday, October 31st. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus price target of $88.86.

In other Exxon Mobil Corporation news, VP Dennis G. Wascom sold 4,400 shares of Exxon Mobil Corporation stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $92.00, for a total transaction of $404,800.00. Following the transaction, the vice president now directly owns 183,765 shares of the company’s stock, valued at approximately $16,906,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Bryan W. Milton sold 10,952 shares of Exxon Mobil Corporation stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $87.42, for a total transaction of $957,423.84. Following the transaction, the vice president now directly owns 176,330 shares in the company, valued at $15,414,768.60. The disclosure for this sale can be found here. Insiders have sold a total of 63,054 shares of company stock valued at $5,544,316 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Exxon Mobil Corporation Company Profile

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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