Barnes Dennig Private Wealth Management LLC Has $157,000 Stake in Exxon Mobil Corporation $XOM

Barnes Dennig Private Wealth Management LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 88.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,459 shares of the oil and gas company’s stock after buying an additional 686 shares during the period. Barnes Dennig Private Wealth Management LLC’s holdings in Exxon Mobil were worth $157,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in XOM. Nuveen LLC acquired a new position in Exxon Mobil in the first quarter worth approximately $2,730,414,000. GQG Partners LLC increased its holdings in Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after buying an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Exxon Mobil in the second quarter worth approximately $607,621,000. Ameriprise Financial Inc. increased its holdings in Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after buying an additional 2,332,293 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on XOM. Wells Fargo & Company initiated coverage on Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 price objective on the stock. UBS Group increased their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Exxon Mobil Trading Down 1.6%

Shares of Exxon Mobil stock opened at $114.57 on Friday. The company’s fifty day simple moving average is $113.19 and its 200-day simple moving average is $109.86. The company has a market cap of $488.45 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.06 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. 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. The business 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%. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Insider Activity

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 value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

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.