Wealth Management Partners LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,869 shares of the oil and gas company’s stock after selling 949 shares during the period. Exxon Mobil makes up approximately 2.2% of Wealth Management Partners LLC’s investment portfolio, making the stock its 12th largest position. Wealth Management Partners LLC’s holdings in Exxon Mobil were worth $3,525,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new stake in shares of Exxon Mobil in the first quarter valued at approximately $25,000. KB Financial Partners LLC bought a new stake in shares of Exxon Mobil in the first quarter valued at approximately $27,000. Financial Connections Group Inc. boosted its stake in shares of Exxon Mobil by 105.4% in the second quarter. Financial Connections Group Inc. now owns 306 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 157 shares during the period. Artemis Wealth Advisors LLC bought a new stake in shares of Exxon Mobil in the first quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in shares of Exxon Mobil in the first quarter valued at approximately $38,000. Institutional investors own 58.53% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on XOM. Bank of America boosted their price target on Exxon Mobil from $145.00 to $150.00 in a research note on Wednesday, September 27th. HSBC boosted their price target on Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Wolfe Research downgraded shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, September 22nd. Finally, UBS Group boosted their price objective on shares of Exxon Mobil from $139.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, October 4th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.48.
Exxon Mobil Stock Performance
NYSE XOM opened at $107.17 on Monday. The company has a market capitalization of $429.02 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.44 and a beta of 1.05. Exxon Mobil Co. has a twelve month low of $96.75 and a twelve month high of $120.70. The stock has a fifty day simple moving average of $112.06 and a 200 day simple moving average of $109.36. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The company had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.14 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 9.25 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.91 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.40%. Exxon Mobil’s payout ratio is 29.12%.
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jeffrey W. Ubben purchased 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were acquired at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the transaction, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.
About Exxon Mobil
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.
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