Tyler Stone Wealth Management Acquires 8,779 Shares of Exxon Mobil Corporation $XOM

Tyler Stone Wealth Management boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,091 shares of the oil and gas company’s stock after purchasing an additional 8,779 shares during the period. Exxon Mobil makes up approximately 1.2% of Tyler Stone Wealth Management’s holdings, making the stock its 17th largest position. Tyler Stone Wealth Management’s holdings in Exxon Mobil were worth $7,664,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Linscomb Wealth Inc. increased its stake in shares of Exxon Mobil by 1.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after purchasing an additional 5,527 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after buying an additional 131,600 shares during the last quarter. Capital Counsel LLC NY grew its holdings in Exxon Mobil by 0.9% during the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after buying an additional 460 shares during the last quarter. OneAscent Wealth Management LLC increased its position in Exxon Mobil by 116.7% during the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after buying an additional 4,123 shares in the last quarter. Finally, Wealth Management Associates Inc. raised its holdings in shares of Exxon Mobil by 2.7% in the first quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company’s stock worth $3,147,000 after acquiring an additional 691 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $118.77 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $120.81. The company’s 50 day simple moving average is $115.60 and its 200 day simple moving average is $112.22. The stock has a market capitalization of $500.88 billion, a PE ratio of 17.26, a P/E/G ratio of 1.50 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is 59.88%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Jefferies Financial Group increased their price objective on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley lifted their price target on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, TD Cowen raised their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.24.

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.