Raleigh Capital Management Inc. Acquires 2,856 Shares of Exxon Mobil Corporation $XOM

Raleigh Capital Management Inc. lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 13.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,669 shares of the oil and gas company’s stock after acquiring an additional 2,856 shares during the period. Exxon Mobil accounts for approximately 1.1% of Raleigh Capital Management Inc.’s holdings, making the stock its 13th biggest holding. Raleigh Capital Management Inc.’s holdings in Exxon Mobil were worth $2,659,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in XOM. HBW Advisory Services LLC lifted its holdings in shares of Exxon Mobil by 35.7% in the 1st quarter. HBW Advisory Services LLC now owns 4,512 shares of the oil and gas company’s stock valued at $537,000 after acquiring an additional 1,188 shares during the last quarter. CGN Advisors LLC lifted its stake in Exxon Mobil by 47.3% in the first quarter. CGN Advisors LLC now owns 5,144 shares of the oil and gas company’s stock worth $612,000 after purchasing an additional 1,652 shares during the last quarter. Apella Capital LLC lifted its stake in Exxon Mobil by 34.8% in the first quarter. Apella Capital LLC now owns 24,770 shares of the oil and gas company’s stock worth $2,946,000 after purchasing an additional 6,400 shares during the last quarter. TrueWealth Advisors LLC lifted its stake in Exxon Mobil by 2.4% in the first quarter. TrueWealth Advisors LLC now owns 13,641 shares of the oil and gas company’s stock worth $1,622,000 after purchasing an additional 317 shares during the last quarter. Finally, Accel Wealth Management lifted its stake in Exxon Mobil by 6.8% in the first quarter. Accel Wealth Management now owns 6,616 shares of the oil and gas company’s stock worth $787,000 after purchasing an additional 420 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. UBS Group raised their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Mizuho decreased their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $125.00.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $112.04 on Thursday. The company has a 50 day moving average price of $111.09 and a 200-day moving average price of $109.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a market capitalization of $477.64 billion, a PE ratio of 15.91, a P/E/G ratio of 2.05 and a beta of 0.51.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed 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%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by insiders.

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.