Grant Private Wealth Management Inc Grows Holdings in Exxon Mobil Corporation $XOM

Grant Private Wealth Management Inc boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 932.0% during the second quarter, HoldingsChannel reports. The fund owned 56,277 shares of the oil and gas company’s stock after purchasing an additional 50,824 shares during the quarter. Exxon Mobil comprises 3.4% of Grant Private Wealth Management Inc’s holdings, making the stock its 8th largest position. Grant Private Wealth Management Inc’s holdings in Exxon Mobil were worth $6,067,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP bought a new stake in Exxon Mobil in the first quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $32,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on XOM shares. UBS Group upped their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and an average price target of $124.76.

Exxon Mobil Price Performance

Shares of XOM stock opened at $112.82 on Monday. The firm has a market cap of $480.98 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The business’s 50 day moving average price is $110.54 and its 200-day moving average price is $109.35. 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 (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.14 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s payout ratio is presently 56.25%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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.