Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,999 shares of the oil and gas company’s stock after purchasing an additional 349 shares during the quarter. Exxon Mobil comprises about 1.1% of Monterey Private Wealth Inc.’s investment portfolio, making the stock its 20th largest position. Monterey Private Wealth Inc.’s holdings in Exxon Mobil were worth $1,884,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Exxon Mobil by 7.2% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,048 shares of the oil and gas company’s stock worth $370,000 after buying an additional 404 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $1,451,000. Jag Capital Management LLC boosted its position in shares of Exxon Mobil by 12.5% in the 4th quarter. Jag Capital Management LLC now owns 4,818 shares of the oil and gas company’s stock worth $295,000 after buying an additional 535 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of Exxon Mobil by 3.5% in the 4th quarter. IHT Wealth Management LLC now owns 29,816 shares of the oil and gas company’s stock worth $1,824,000 after buying an additional 1,021 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Exxon Mobil by 6.7% in the 4th quarter. LPL Financial LLC now owns 2,965,564 shares of the oil and gas company’s stock worth $181,463,000 after buying an additional 186,163 shares in the last quarter. 56.84% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.4 %

Shares of XOM stock opened at $90.57 on Friday. The firm has a market cap of $377.46 billion, a P/E ratio of 9.91, a PEG ratio of 0.30 and a beta of 1.07. Exxon Mobil Co. has a 1-year low of $55.28 and a 1-year high of $105.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The firm’s 50-day simple moving average is $93.05 and its 200-day simple moving average is $89.79.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The firm had revenue of $115.68 billion during the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s revenue was up 70.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 12.67 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

Insider Buying and Selling

In other Exxon Mobil news, Director Jeffrey W. Ubben bought 960,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the transaction, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Jeffrey W. Ubben acquired 960,000 shares of the stock in a transaction on Thursday, August 4th. The stock was bought at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on XOM. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. Credit Suisse Group reiterated an “outperform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, August 11th. Barclays upped their target price on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their target price for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, HSBC upped their target price on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $96.69.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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