Valpey Financial Services LLC Makes New Investment in Exxon Mobil Corporation $XOM

Valpey Financial Services LLC purchased a new position in Exxon Mobil Corporation (NYSE:XOM) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 3,972 shares of the oil and gas company’s stock, valued at approximately $428,000.

Several other large investors also recently modified their holdings of the business. Axis Wealth Partners LLC increased its holdings in shares of Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 90 shares in the last quarter. Park Edge Advisors LLC grew its holdings in shares of Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after buying an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. boosted its position in Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after purchasing an additional 91 shares during the last quarter. Chapin Davis Inc. boosted its position in Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after purchasing an additional 93 shares during the last quarter. Finally, Gagnon Securities LLC boosted its position in Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after purchasing an additional 95 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Barclays cut their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday. UBS Group raised their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Finally, Bank of America raised their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $124.75.

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.19 on Wednesday. The stock has a market cap of $486.82 billion, a P/E ratio of 16.22, a PEG ratio of 2.08 and a beta of 0.51. The stock has a 50 day simple moving average of $111.23 and a 200 day simple moving average of $109.50. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.14 EPS. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend 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 presently 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

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.