Wedmont Private Capital Buys 6,839 Shares of Exxon Mobil Co. (NYSE:XOM)

Wedmont Private Capital boosted its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 46.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,494 shares of the oil and gas company’s stock after purchasing an additional 6,839 shares during the quarter. Wedmont Private Capital’s holdings in Exxon Mobil were worth $1,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marcum Wealth LLC increased its holdings in Exxon Mobil by 19.1% in the first quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock valued at $2,429,000 after purchasing an additional 4,711 shares during the last quarter. Minot Wealth Management LLC increased its holdings in shares of Exxon Mobil by 15.5% in the first quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock worth $3,378,000 after acquiring an additional 5,477 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Exxon Mobil by 13.3% in the first quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock worth $467,000 after acquiring an additional 664 shares in the last quarter. Home Federal Bank of Tennessee increased its holdings in shares of Exxon Mobil by 1.1% in the first quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock worth $1,170,000 after acquiring an additional 150 shares in the last quarter. Finally, Fort Sheridan Advisors LLC increased its holdings in shares of Exxon Mobil by 8.4% in the first quarter. Fort Sheridan Advisors LLC now owns 7,802 shares of the oil and gas company’s stock worth $644,000 after acquiring an additional 606 shares in the last quarter. Institutional investors own 56.84% of the company’s stock.

Insider Activity

In other news, Director Jeffrey W. Ubben bought 960,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were bought at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jeffrey W. Ubben bought 960,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were bought at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now owns 27,863 shares in the company, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $93.20 on Tuesday. The stock has a 50 day moving average price of $92.47 and a 200 day moving average price of $89.68. Exxon Mobil Co. has a 52 week low of $52.96 and a 52 week high of $105.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The stock has a market capitalization of $388.42 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.31 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The business’s quarterly revenue was up 70.8% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 12.69 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.78%. Exxon Mobil’s payout ratio is 38.51%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Credit Suisse Group restated an “outperform” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, August 11th. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group increased their price target on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. HSBC increased their price target on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a report on Wednesday, July 20th. Finally, Bank of America increased their price target on Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $96.69.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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

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