Silverlake Wealth Management LLC Grows Stake in Exxon Mobil Corporation $XOM

Silverlake Wealth Management LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM) by 26.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,284 shares of the oil and gas company’s stock after buying an additional 5,828 shares during the period. Exxon Mobil makes up 0.9% of Silverlake Wealth Management LLC’s portfolio, making the stock its 15th biggest position. Silverlake Wealth Management LLC’s holdings in Exxon Mobil were worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Elequin Capital LP acquired a new stake in Exxon Mobil in the first quarter valued at approximately $31,000. Game Plan Financial Advisors LLC boosted its stake in shares of 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 valued at $38,000 after purchasing an additional 300 shares during the period. 1248 Management LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at $40,000. Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the 2nd quarter valued at $38,000. Finally, Bare Financial Services Inc lifted its holdings in Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.6%

NYSE:XOM opened at $118.77 on Monday. The company has a market cap of $500.88 billion, a PE ratio of 17.26, a P/E/G ratio of 7.48 and a beta of 0.38. The business’s 50 day moving average is $115.60 and its two-hundred day moving average is $112.29. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is currently 59.88%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on XOM shares. TD Cowen raised their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday. Bank of America lowered their price objective on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup upped their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays reduced their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.24.

Exxon Mobil Company 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.