Private Client Services LLC Raises Position in Exxon Mobil Corporation $XOM

Private Client Services LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 27.1% during the 2nd quarter, Holdings Channel reports. The fund owned 12,410 shares of the oil and gas company’s stock after buying an additional 2,646 shares during the quarter. Private Client Services LLC’s holdings in Exxon Mobil were worth $1,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. 10Elms LLP purchased a new stake in Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil during the first quarter worth about $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil during the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.1%

Shares of NYSE XOM opened at $112.21 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a market capitalization of $478.38 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm’s 50-day moving average is $110.55 and its two-hundred day moving average is $109.15.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.14 earnings per share. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

A number of analysts recently commented on XOM shares. UBS Group boosted their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Bank of America boosted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $124.81.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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 $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil 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.