Fountainhead AM LLC Grows Stock Position in Exxon Mobil Corporation $XOM

Fountainhead AM LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,830 shares of the oil and gas company’s stock after purchasing an additional 584 shares during the period. Fountainhead AM LLC’s holdings in Exxon Mobil were worth $844,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Eagle Capital Management LLC grew its stake in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares in the last quarter. Brucke Financial Inc. boosted its stake in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 142 shares during the last quarter. Country Club Bank grew its position in shares of Exxon Mobil by 0.8% during the first quarter. Country Club Bank now owns 147,878 shares of the oil and gas company’s stock worth $17,410,000 after buying an additional 1,196 shares in the last quarter. Kesler Norman & Wride LLC grew its position in shares of Exxon Mobil by 7.1% during the first quarter. Kesler Norman & Wride LLC now owns 32,989 shares of the oil and gas company’s stock worth $3,924,000 after buying an additional 2,194 shares in the last quarter. Finally, Fonville Wealth Management LLC increased its stake in shares of Exxon Mobil by 92.5% in the first quarter. Fonville Wealth Management LLC now owns 9,445 shares of the oil and gas company’s stock worth $1,117,000 after buying an additional 4,538 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $117.19 on Monday. The company has a market cap of $494.19 billion, a P/E ratio of 16.65, a PEG ratio of 2.06 and a beta of 0.49. The business has a 50 day moving average of $113.45 and a two-hundred day moving average of $110.30. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced 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 for the quarter. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Barclays dropped their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Finally, Bank of America boosted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.50.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.