Ameliora Wealth Management Ltd. Trims Holdings in Exxon Mobil Corporation $XOM

Ameliora Wealth Management Ltd. decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 5,078 shares of the oil and gas company’s stock after selling 331 shares during the period. Ameliora Wealth Management Ltd.’s holdings in Exxon Mobil were worth $547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tcfg Wealth Management LLC grew its holdings in shares of Exxon Mobil by 13.1% during the 2nd quarter. Tcfg Wealth Management LLC now owns 10,794 shares of the oil and gas company’s stock worth $1,164,000 after acquiring an additional 1,248 shares during the period. Defined Financial Planning LLC grew its holdings in shares of Exxon Mobil by 4.7% during the 2nd quarter. Defined Financial Planning LLC now owns 2,834 shares of the oil and gas company’s stock worth $320,000 after acquiring an additional 128 shares during the period. Roberts Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 1.6% during the 2nd quarter. Roberts Wealth Advisors LLC now owns 20,075 shares of the oil and gas company’s stock worth $2,164,000 after acquiring an additional 318 shares during the period. MADDEN SECURITIES Corp grew its holdings in shares of Exxon Mobil by 2.0% during the 2nd quarter. MADDEN SECURITIES Corp now owns 23,741 shares of the oil and gas company’s stock worth $2,559,000 after acquiring an additional 476 shares during the period. Finally, Seamount Financial Group Inc. grew its holdings in shares of Exxon Mobil by 154.0% during the 2nd quarter. Seamount Financial Group Inc. now owns 21,467 shares of the oil and gas company’s stock worth $2,314,000 after acquiring an additional 13,017 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on XOM shares. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Bank of America upped their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday. Finally, Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $125.95.

Exxon Mobil Stock Down 1.0%

Shares of Exxon Mobil stock opened at $112.90 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $124.26. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $111.30 and its 200 day moving average is $109.52. The company has a market cap of $481.32 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the previous year, the firm posted $2.14 EPS. The firm’s revenue was down 12.4% on a year-over-year basis. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction 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 transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by 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.