Waverton Investment Management Ltd Has $2.49 Million Position in Exxon Mobil Co. (NYSE:XOM)

Waverton Investment Management Ltd reduced its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 6.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,040 shares of the oil and gas company’s stock after selling 2,100 shares during the period. Waverton Investment Management Ltd’s holdings in Exxon Mobil were worth $2,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Guardian Wealth Management Inc. acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $30,000. GW&K Investment Management LLC acquired a new position in Exxon Mobil during the first quarter valued at approximately $32,000. CFS Investment Advisory Services LLC boosted its position in Exxon Mobil by 8,482.4% during the first quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 1,624,980 shares during the last quarter. GoalVest Advisory LLC acquired a new position in Exxon Mobil during the first quarter valued at approximately $38,000. Finally, Dravo Bay LLC acquired a new position in Exxon Mobil during the first quarter valued at approximately $38,000. 56.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey W. Ubben purchased 960,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was purchased at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the acquisition, the director now owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. HSBC increased their price target on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research report on Wednesday, July 20th. The Goldman Sachs Group upped their price objective on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Bank of America upped their price objective on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, August 1st. Credit Suisse Group restated an “outperform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, August 11th. Finally, Morgan Stanley upped their price objective on Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.69.

Exxon Mobil Trading Down 1.6 %

Shares of XOM stock opened at $90.95 on Thursday. The stock’s fifty day moving average price is $92.90 and its two-hundred day moving average price is $89.77. The company has a market cap of $379.05 billion, a PE ratio of 9.95, a P/E/G ratio of 0.31 and a beta of 1.07. Exxon Mobil Co. has a fifty-two week low of $54.37 and a fifty-two 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.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $111.67 billion. During the same quarter last year, the business posted $1.10 EPS. The company’s revenue was up 70.8% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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. This represents a $3.52 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

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.

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

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