SVB Wealth LLC Has $11.09 Million Holdings in Exxon Mobil Corporation $XOM

SVB Wealth LLC decreased its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 9.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 98,327 shares of the oil and gas company’s stock after selling 10,307 shares during the quarter. SVB Wealth LLC’s holdings in Exxon Mobil were worth $11,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System grew its stake in shares of Exxon Mobil by 2.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after acquiring an additional 5,573 shares in the last quarter. Linscomb Wealth Inc. boosted its holdings in Exxon Mobil by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after purchasing an additional 5,527 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in Exxon Mobil by 3.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after purchasing an additional 9,831 shares in the last quarter. Capital Counsel LLC NY grew its position in Exxon Mobil by 0.9% in the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after purchasing an additional 460 shares in the last quarter. Finally, HORAN Wealth LLC increased its stake in Exxon Mobil by 78.3% in the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after buying an additional 5,788 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $149.18, for a total transaction of $481,851.40. Following the sale, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. This represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 14,230 shares of company stock worth $1,888,421. Insiders own 0.03% of the company’s stock.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Trading Up 1.5%

Shares of XOM opened at $151.22 on Tuesday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $151.55. The business has a 50-day moving average of $126.47 and a 200 day moving average of $117.70. The firm has a market cap of $637.72 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 15.49 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $82.31 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business earned $1.67 earnings per share. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s payout ratio is currently 61.58%.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Barclays upped their target price on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Jefferies Financial Group upped their price objective on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. UBS Group reiterated a “buy” rating and set a $171.00 target price on shares of Exxon Mobil in a research note on Monday, February 2nd. Loop Capital set a $123.00 price target on shares of Exxon Mobil in a report on Tuesday, February 3rd. Finally, BNP Paribas Exane downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price objective for the company. in a report on Tuesday, February 3rd. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $140.59.

View Our Latest Analysis on Exxon Mobil

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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