Allworth Financial LP Increases Holdings in Exxon Mobil Corporation $XOM

Allworth Financial LP raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 22.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 389,961 shares of the oil and gas company’s stock after purchasing an additional 71,053 shares during the period. Allworth Financial LP’s holdings in Exxon Mobil were worth $42,038,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XOM. Eagle Capital Management LLC lifted its holdings in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the period. Brucke Financial Inc. raised its position in shares of Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after acquiring an additional 142 shares in the last quarter. Country Club Bank lifted its stake in shares of Exxon Mobil by 0.8% in the 1st quarter. Country Club Bank now owns 147,878 shares of the oil and gas company’s stock valued at $17,410,000 after purchasing an additional 1,196 shares during the period. Kesler Norman & Wride LLC lifted its stake in shares of Exxon Mobil by 7.1% in the 1st quarter. Kesler Norman & Wride LLC now owns 32,989 shares of the oil and gas company’s stock valued at $3,924,000 after purchasing an additional 2,194 shares during the period. Finally, Fonville Wealth Management LLC boosted its position in shares of Exxon Mobil by 92.5% during the first quarter. Fonville Wealth Management LLC now owns 9,445 shares of the oil and gas company’s stock valued at $1,117,000 after purchasing an additional 4,538 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM opened at $117.19 on Monday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a market capitalization of $494.19 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The firm has a 50 day moving average of $113.45 and a 200 day moving average of $110.30. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on XOM shares. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Finally, Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.50.

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.