BSW Wealth Partners Has $1.05 Million Stake in Exxon Mobil Corporation $XOM

BSW Wealth Partners lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 26.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,763 shares of the oil and gas company’s stock after selling 3,471 shares during the quarter. BSW Wealth Partners’ holdings in Exxon Mobil were worth $1,052,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Foster Group Inc. lifted its holdings in shares of Exxon Mobil by 9.7% in the first quarter. Foster Group Inc. now owns 15,767 shares of the oil and gas company’s stock valued at $1,875,000 after purchasing an additional 1,398 shares in the last quarter. Edge Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $17,201,000. Ullmann Wealth Partners Group LLC lifted its position in shares of Exxon Mobil by 4.6% during the first quarter. Ullmann Wealth Partners Group LLC now owns 8,728 shares of the oil and gas company’s stock valued at $1,038,000 after purchasing an additional 385 shares in the last quarter. MRA Advisory Group boosted its holdings in Exxon Mobil by 11.7% during the first quarter. MRA Advisory Group now owns 9,081 shares of the oil and gas company’s stock worth $1,080,000 after purchasing an additional 950 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its stake in Exxon Mobil by 27.0% in the 1st quarter. Signal Advisors Wealth LLC now owns 15,501 shares of the oil and gas company’s stock valued at $1,843,000 after buying an additional 3,291 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Bank of America boosted 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. UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Piper Sandler upped their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $125.00.

Exxon Mobil Stock Up 1.8%

XOM stock opened at $113.25 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $111.15 and its 200 day moving average is $109.56. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $482.81 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Insider Buying and Selling at Exxon Mobil

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

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.