Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Bernardo Wealth Planning LLC

Bernardo Wealth Planning LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 18.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,060 shares of the oil and gas company’s stock after purchasing an additional 932 shares during the period. Bernardo Wealth Planning LLC’s holdings in Exxon Mobil were worth $500,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $3,184,424,000. GQG Partners LLC grew its holdings in shares of Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock valued at $1,982,114,000 after buying an additional 5,807,202 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Exxon Mobil by 134.3% during the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock valued at $386,314,000 after buying an additional 3,619,270 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Exxon Mobil by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after buying an additional 3,441,825 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Exxon Mobil by 324.1% during the fourth quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock valued at $160,209,000 after buying an additional 2,000,928 shares during the last quarter. 54.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on XOM shares. Argus boosted their price objective on shares of Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $90.00 to $100.00 in a report on Thursday, April 21st. HSBC upped their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Finally, Morgan Stanley lowered their price target on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.40.

Exxon Mobil Trading Up 1.4 %

XOM stock opened at $88.45 on Friday. Exxon Mobil Co. has a 52-week low of $52.10 and a 52-week high of $105.57. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The company’s 50-day simple moving average is $90.93 and its 200-day simple moving average is $85.91. The firm has a market cap of $372.60 billion, a P/E ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion during the quarter, compared to the consensus estimate of $111.67 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 70.8% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 12.35 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a yield of 3.98%. Exxon Mobil’s payout ratio is 38.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,147 shares of company stock worth $698,858. Insiders own 0.04% of the company’s stock.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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