Drucker Wealth 3.0 LLC Has $4.73 Million Stock Holdings in Exxon Mobil Corporation $XOM

Drucker Wealth 3.0 LLC decreased its stake in Exxon Mobil Corporation (NYSE:XOM) by 6.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 41,604 shares of the oil and gas company’s stock after selling 2,959 shares during the period. Exxon Mobil comprises approximately 0.9% of Drucker Wealth 3.0 LLC’s portfolio, making the stock its 26th biggest holding. Drucker Wealth 3.0 LLC’s holdings in Exxon Mobil were worth $4,734,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Nuveen LLC acquired a new stake in shares of Exxon Mobil in the first quarter worth $2,730,414,000. GQG Partners LLC grew its stake in shares of 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 acquiring an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Exxon Mobil in the second quarter worth $607,621,000. Ameriprise Financial Inc. grew its stake in shares of 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 acquiring an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of 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 acquiring an additional 2,332,293 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.2%

Shares of NYSE XOM opened at $112.11 on Tuesday. The stock has a market cap of $477.97 billion, a PE ratio of 15.93, a PEG ratio of 2.00 and a beta of 0.51. The business has a fifty day moving average of $111.42 and a two-hundred day moving average of $109.32. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $124.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

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. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated 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 directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on XOM shares. UBS Group raised their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. TD Cowen raised their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Bank of America raised their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.05.

Exxon Mobil Company 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.