SMI Advisory Services LLC Invests $599,000 in Exxon Mobil Corporation $XOM

SMI Advisory Services LLC purchased a new position in shares of Exxon Mobil Corporation (NYSE:XOM) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 5,334 shares of the oil and gas company’s stock, valued at approximately $599,000. Exxon Mobil accounts for approximately 0.1% of SMI Advisory Services LLC’s investment portfolio, making the stock its 27th largest position.

Other large investors have also recently made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of 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 purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC increased its position in shares of 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 worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Exxon Mobil in the 2nd quarter valued at $38,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM opened at $113.25 on Friday. The stock’s 50-day moving average price is $111.15 and its 200 day moving average price is $109.56. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. 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 firm has a market cap of $482.81 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.02 and a beta of 0.51.

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

Exxon Mobil Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Mizuho dropped their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Melius Research assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, UBS Group upped their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $125.00.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the 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 sale, the vice president owned 13,829 shares of the company’s stock, valued at $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 is available at this link. 0.03% of the stock is owned by corporate 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.