Exxon Mobil Corporation $XOM Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 17.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 98,595 shares of the oil and gas company’s stock after selling 21,503 shares during the quarter. Wedbush Securities Inc.’s holdings in Exxon Mobil were worth $10,629,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in XOM. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the 1st quarter valued at approximately $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil during the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC lifted its stake in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil during the second quarter valued at $38,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM opened at $117.19 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The company’s fifty day moving average is $113.45 and its 200-day moving average is $110.27. 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 firm has a market cap of $499.59 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company 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%. Equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a $1.03 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is 59.88%.

Analyst Ratings Changes

A number of equities analysts have commented on XOM shares. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Bank of America increased 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. Wells Fargo & Company began coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective on the stock. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.50.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’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 directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

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.