Barnes Dennig Private Wealth Management LLC Purchases 686 Shares of Exxon Mobil Corporation $XOM

Barnes Dennig Private Wealth Management LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 88.7% in the 2nd quarter, Holdings Channel reports. The firm owned 1,459 shares of the oil and gas company’s stock after buying an additional 686 shares during the quarter. Barnes Dennig Private Wealth Management LLC’s holdings in Exxon Mobil were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Graybill Wealth Management LTD. bought a new position in Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP bought a new position in Exxon Mobil in the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Exxon Mobil by 396.7% in 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 during the period. Game Plan Financial Advisors LLC lifted its position in Exxon Mobil by 1,500.0% in 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 during the period. Finally, Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil in the second quarter worth $38,000. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XOM. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Barclays cut their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Wells Fargo & Company assumed coverage on Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Finally, UBS Group lifted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the company’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 of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $114.57 on Friday. The stock has a 50-day simple moving average of $113.19 and a 200 day simple moving average of $109.86. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a market capitalization of $488.45 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 2.06 and a beta of 0.51.

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

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.