Oxbow Advisors LLC Raises Stock Holdings in Exxon Mobil Corporation $XOM

Oxbow Advisors LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,358 shares of the oil and gas company’s stock after purchasing an additional 745 shares during the quarter. Exxon Mobil makes up 1.1% of Oxbow Advisors LLC’s holdings, making the stock its 19th largest position. Oxbow Advisors LLC’s holdings in Exxon Mobil were worth $9,848,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of XOM. GAMMA Investing LLC boosted its position in Exxon Mobil by 20.6% during the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock worth $9,458,000 after purchasing an additional 13,582 shares in the last quarter. Eagle Capital Management LLC boosted its position in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. purchased a new position in shares of Exxon Mobil in the first quarter valued at approximately $200,000. Brucke Financial Inc. lifted its position in shares of Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after acquiring an additional 142 shares in the last quarter. Finally, Curran Financial Partners LLC lifted its position in shares of Exxon Mobil by 27.9% in the first quarter. Curran Financial Partners LLC now owns 8,291 shares of the oil and gas company’s stock valued at $986,000 after acquiring an additional 1,810 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on 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 in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

NYSE:XOM opened at $112.20 on Friday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market cap of $478.34 billion, a PE ratio of 15.94, a P/E/G ratio of 2.02 and a beta of 0.51. The stock has a 50 day moving average price of $111.83 and a 200 day moving average price of $109.19.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced 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 was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s payout ratio is currently 56.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XOM shares. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Bank of America raised their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. UBS Group raised their target price on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $127.58.

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.