B. Riley Wealth Advisors Inc. Makes New $6.66 Million Investment in Exxon Mobil Corporation $XOM

B. Riley Wealth Advisors Inc. purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 61,759 shares of the oil and gas company’s stock, valued at approximately $6,658,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the 1st quarter worth $31,000. Game Plan Financial Advisors LLC grew its position in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares during the period. 1248 Management LLC bought a new position in Exxon Mobil in the 1st quarter worth $40,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at about $38,000. Finally, Bare Financial Services Inc boosted its position in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XOM. Citigroup raised their price objective on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target for the company in a report on Monday, December 8th. Bank of America cut their target price on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday, December 8th. Finally, BNP Paribas raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.24.

Exxon Mobil Stock Down 0.6%

Shares of NYSE XOM opened at $118.77 on Friday. The firm’s 50-day moving average is $115.60 and its two-hundred day moving average is $112.22. The company has a market capitalization of $500.88 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.50 and a beta of 0.38. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $57.55 billion during the quarter. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Exxon Mobil Company Profile

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.