Wingate Wealth Advisors Inc. Sells 718 Shares of Exxon Mobil Corporation $XOM

Wingate Wealth Advisors Inc. lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 10.3% during the 2nd quarter, Holdings Channel reports. The firm owned 6,227 shares of the oil and gas company’s stock after selling 718 shares during the quarter. Wingate Wealth Advisors Inc.’s holdings in Exxon Mobil were worth $671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter valued at $29,000. Elequin Capital LP bought a new stake in Exxon Mobil during the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd boosted its position in 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 acquiring an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC boosted its position in 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 acquiring an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil during the 2nd quarter valued at $38,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on XOM shares. Bank of America increased their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Wells Fargo & Company initiated coverage on Exxon Mobil in a research report on Friday. They set an “overweight” rating and a $156.00 target price on the stock. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. UBS Group raised their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. 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’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $127.58.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.68 on Tuesday. The firm has a market capitalization of $480.38 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.01 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The business has a fifty day moving average of $111.97 and a 200 day moving average of $109.22. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction 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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is owned by company insiders.

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.