Wealth Management Associates Inc. Trims Stake in Exxon Mobil Corporation $XOM

Wealth Management Associates Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,188 shares of the oil and gas company’s stock after selling 273 shares during the quarter. Exxon Mobil comprises 1.1% of Wealth Management Associates Inc.’s portfolio, making the stock its 22nd largest position. Wealth Management Associates Inc.’s holdings in Exxon Mobil were worth $2,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the first quarter worth about $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil in the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC grew its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Exxon Mobil in the second quarter worth about $38,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on XOM. Wells Fargo & Company began coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective on the stock. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Barclays dropped their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Stock Up 1.1%

Shares of XOM stock opened at $116.34 on Thursday. The company has a market capitalization of $496.00 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.04 and a beta of 0.51. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company’s fifty day moving average price is $113.08 and its 200-day moving average price is $109.83. 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 announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. 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 presently 56.25%.

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.