Elyxium Wealth LLC Acquires 1,518 Shares of Exxon Mobil Corporation $XOM

Elyxium Wealth LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,147 shares of the oil and gas company’s stock after acquiring an additional 1,518 shares during the quarter. Exxon Mobil accounts for about 1.5% of Elyxium Wealth LLC’s portfolio, making the stock its 19th largest position. Elyxium Wealth LLC’s holdings in Exxon Mobil were worth $3,897,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Brucke Financial Inc. raised its holdings in shares of Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after purchasing an additional 142 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Exxon Mobil by 12.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 21,251 shares of the oil and gas company’s stock valued at $2,527,000 after purchasing an additional 2,307 shares during the last quarter. Timber Creek Capital Management LLC increased its holdings in Exxon Mobil by 1.5% during the first quarter. Timber Creek Capital Management LLC now owns 61,186 shares of the oil and gas company’s stock worth $7,277,000 after buying an additional 917 shares during the last quarter. Finally, Tilson Financial Group Inc. increased its holdings in Exxon Mobil by 1.8% during the first quarter. Tilson Financial Group Inc. now owns 34,182 shares of the oil and gas company’s stock worth $4,065,000 after buying an additional 618 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price objective for the company. UBS Group raised their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Morgan Stanley lifted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.50.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $113.85 on Tuesday. The stock has a market cap of $485.37 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The firm’s fifty day simple moving average is $113.30 and its 200 day simple moving average is $110.08. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. 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 (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is presently 57.56%.

About Exxon Mobil

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.