BTS Asset Management Inc. Buys 332 Shares of Exxon Mobil Corporation $XOM

BTS Asset Management Inc. grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 13.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,782 shares of the oil and gas company’s stock after acquiring an additional 332 shares during the quarter. Exxon Mobil comprises about 0.4% of BTS Asset Management Inc.’s portfolio, making the stock its 28th biggest holding. BTS Asset Management Inc.’s holdings in Exxon Mobil were worth $300,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of XOM. GAMMA Investing LLC raised its holdings in shares of Exxon Mobil by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock worth $9,458,000 after buying an additional 13,582 shares in the last quarter. Eagle Capital Management LLC raised its holdings in shares of Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. acquired a new position in shares of Exxon Mobil during the 1st quarter worth $200,000. Brucke Financial Inc. raised its holdings in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after buying an additional 142 shares in the last quarter. Finally, LaFleur & Godfrey LLC raised its holdings in shares of Exxon Mobil by 6.4% during the 1st quarter. LaFleur & Godfrey LLC now owns 99,411 shares of the oil and gas company’s stock worth $11,823,000 after buying an additional 5,953 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated 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 approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XOM. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Mizuho lowered their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Barclays lowered their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Bank of America upped their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Finally, Wells Fargo & Company started coverage on Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Exxon Mobil Trading Up 0.9%

NYSE XOM opened at $115.78 on Friday. The business’s 50-day moving average price is $112.41 and its two-hundred day moving average price is $109.38. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The firm has a market capitalization of $493.58 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released 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 for the quarter. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s payout ratio is 56.25%.

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.