Warburton Capital Management LLC Raises Holdings in Exxon Mobil Corporation $XOM

Warburton Capital Management LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,611 shares of the oil and gas company’s stock after acquiring an additional 200 shares during the period. Exxon Mobil accounts for approximately 0.3% of Warburton Capital Management LLC’s portfolio, making the stock its 24th biggest position. Warburton Capital Management LLC’s holdings in Exxon Mobil were worth $520,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Briaud Financial Planning Inc increased its holdings in Exxon Mobil by 1.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 15,229 shares of the oil and gas company’s stock worth $1,641,000 after purchasing an additional 171 shares during the period. FSM Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 22.0% in the 2nd quarter. FSM Wealth Advisors LLC now owns 43,426 shares of the oil and gas company’s stock valued at $4,825,000 after acquiring an additional 7,840 shares during the last quarter. Hoge Financial Services LLC increased its holdings in shares of Exxon Mobil by 2.0% in the 2nd quarter. Hoge Financial Services LLC now owns 5,602 shares of the oil and gas company’s stock valued at $605,000 after acquiring an additional 112 shares during the last quarter. KPP Advisory Services LLC increased its holdings in shares of Exxon Mobil by 2.7% in the 2nd quarter. KPP Advisory Services LLC now owns 33,057 shares of the oil and gas company’s stock valued at $3,564,000 after acquiring an additional 871 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of Exxon Mobil by 6.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 262,848 shares of the oil and gas company’s stock valued at $28,335,000 after acquiring an additional 15,901 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.5%

NYSE:XOM opened at $115.39 on Friday. The stock’s 50 day moving average price is $112.58 and its 200 day moving average price is $109.54. The company has a market capitalization of $491.94 billion, a PE ratio of 16.39, a P/E/G ratio of 2.05 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm 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%. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on XOM shares. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Melius Research started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Friday. UBS Group increased their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $127.58.

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.