Monument Group Wealth Advisors LLC Raises Holdings in Exxon Mobil Corporation $XOM

Monument Group Wealth Advisors LLC raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,273 shares of the oil and gas company’s stock after purchasing an additional 293 shares during the period. Exxon Mobil makes up about 0.4% of Monument Group Wealth Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Monument Group Wealth Advisors LLC’s holdings in Exxon Mobil were worth $568,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XOM. Nuveen LLC purchased a new stake in Exxon Mobil during the 1st quarter valued at $2,730,414,000. GQG Partners LLC boosted its stake in shares of Exxon Mobil by 15,135.7% in the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after buying an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth $607,621,000. Ameriprise Financial Inc. boosted its stake in shares of Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after acquiring an additional 2,332,293 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Bank of America raised their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a report on Friday. They issued an “overweight” rating and a $156.00 price objective on the stock. Finally, Barclays dropped their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.68 on Tuesday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The stock’s fifty day moving average is $111.97 and its 200 day moving average is $109.22. The stock has a market cap of $480.38 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.01 and a beta of 0.51. 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 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 company had revenue of $57.55 billion for the quarter. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, 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 document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

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.