Resonant Capital Advisors LLC Buys 2,369 Shares of Exxon Mobil Corporation $XOM

Resonant Capital Advisors LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,238 shares of the oil and gas company’s stock after acquiring an additional 2,369 shares during the period. Resonant Capital Advisors LLC’s holdings in Exxon Mobil were worth $5,847,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Eagle Capital Management LLC increased its holdings in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the period. Ironwood Wealth Management LLC. purchased a new stake in shares of Exxon Mobil in the first quarter worth about $200,000. Brucke Financial Inc. boosted its stake 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 worth $808,000 after buying an additional 142 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Exxon Mobil by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 621,834 shares of the oil and gas company’s stock worth $70,658,000 after buying an additional 68,960 shares during the last quarter. Finally, U S Global Investors Inc. boosted its stake in shares of Exxon Mobil by 100.0% in the first quarter. U S Global Investors Inc. now owns 7,000 shares of the oil and gas company’s stock worth $833,000 after buying an additional 3,500 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on XOM shares. 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 research note on Wednesday, September 10th. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Wells Fargo & Company assumed coverage on Exxon Mobil in a research note on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price on the stock. Finally, Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.58.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was 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 $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.89 on Tuesday. The company has a market cap of $494.07 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. The stock’s 50 day simple moving average is $112.77 and its 200-day simple moving average is $109.63. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last released its 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 return on equity of 11.34% and a net margin of 9.17%. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) 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.