Garrison Financial Corp Has $987,000 Position in Exxon Mobil Corporation (XOM)

Garrison Financial Corp Has $987,000 Position in Exxon Mobil Corporation (XOM)

Garrison Financial Corp boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 100.8% during the third quarter, Holdings Channel reports. The firm owned 11,313 shares of the company’s stock after buying an additional 5,680 shares during the period. Garrison Financial Corp’s holdings in Exxon Mobil Corporation were worth $987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Lenox Wealth Advisors Inc. increased its position in shares of Exxon Mobil Corporation by 0.4% in the third quarter. Lenox Wealth Advisors Inc. now owns 2,718 shares of the company’s stock worth $237,000 after buying an additional 10 shares during the period. Alpha Windward LLC increased its position in shares of Exxon Mobil Corporation by 0.3% in the third quarter. Alpha Windward LLC now owns 5,246 shares of the company’s stock worth $458,000 after buying an additional 14 shares during the period. Elefante Mark B increased its position in shares of Exxon Mobil Corporation by 0.6% in the second quarter. Elefante Mark B now owns 2,727 shares of the company’s stock worth $257,000 after buying an additional 15 shares during the period. Jag Capital Management LLC increased its position in shares of Exxon Mobil Corporation by 0.3% in the third quarter. Jag Capital Management LLC now owns 4,785 shares of the company’s stock worth $418,000 after buying an additional 15 shares during the period. Finally, Gibraltar Capital Management Inc. increased its position in shares of Exxon Mobil Corporation by 0.6% in the second quarter. Gibraltar Capital Management Inc. now owns 2,911 shares of the company’s stock worth $273,000 after buying an additional 18 shares during the period. 51.14% of the stock is owned by institutional investors.

Exxon Mobil Corporation (NYSE:XOM) traded down 0.36% on Friday, hitting $85.29. 3,804,750 shares of the company were exchanged. Exxon Mobil Corporation has a 52 week low of $73.55 and a 52 week high of $95.55. The stock has a 50 day moving average of $88.59 and a 200 day moving average of $87.71. The company has a market capitalization of $353.67 billion, a price-to-earnings ratio of 39.93 and a beta of 0.89.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $58.68 billion for the quarter, compared to the consensus estimate of $61.34 billion. Exxon Mobil Corporation had a net margin of 3.98% and a return on equity of 5.04%. The business’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the firm posted $1.01 earnings per share. Analysts predict that Exxon Mobil Corporation will post $2.19 EPS for the current fiscal year.

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. This represents a $3.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, February 7th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 140.19%.

A number of analysts have recently issued reports on the stock. Vetr cut shares of Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $88.14 target price for the company. in a research note on Monday, November 7th. J P Morgan Chase & Co restated a “neutral” rating on shares of Exxon Mobil Corporation in a research note on Monday, December 12th. BNP Paribas set a $80.00 target price on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, October 11th. Barclays PLC restated an “equal weight” rating and set a $100.00 target price on shares of Exxon Mobil Corporation in a research note on Monday, October 10th. Finally, HSBC Holdings plc set a $85.00 target price on shares of Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Tuesday, November 8th. 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. The company presently has a consensus rating of “Hold” and an average target price of $88.86.

In other news, VP Neil A. Chapman sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total value of $1,392,000.00. Following the transaction, the vice president now owns 222,299 shares in the company, valued at $19,340,013. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sara N. Ortwein sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $90.88, for a total transaction of $454,400.00. The disclosure for this sale can be found here. Insiders have sold 63,054 shares of company stock worth $5,544,316 over the last three months. Insiders own 0.14% of the company’s stock.

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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