Udine Wealth Management Inc. Grows Stock Holdings in Exxon Mobil Corporation $XOM

Udine Wealth Management Inc. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.8% in the second quarter, Holdings Channel reports. The institutional investor owned 20,334 shares of the oil and gas company’s stock after acquiring an additional 366 shares during the quarter. Exxon Mobil accounts for approximately 1.3% of Udine Wealth Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Udine Wealth Management Inc.’s holdings in Exxon Mobil were worth $2,192,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter valued at approximately $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil during the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC grew its position in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil during the second quarter worth about $38,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on XOM shares. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Bank of America boosted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. UBS Group boosted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.05.

Exxon Mobil Stock Up 0.1%

Shares of XOM opened at $112.40 on Wednesday. The firm has a market cap of $479.21 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.03 and a beta of 0.51. The stock has a 50 day simple moving average of $111.52 and a two-hundred day simple moving average of $109.34. 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 Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal 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 given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the 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 sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.

About Exxon Mobil

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.