Roffman Miller Associates Inc. PA Buys 26,775 Shares of Exxon Mobil Corporation $XOM

Roffman Miller Associates Inc. PA lifted its position in Exxon Mobil Corporation (NYSE:XOM) by 20.9% during the 2nd quarter, Holdings Channel reports. The firm owned 154,727 shares of the oil and gas company’s stock after acquiring an additional 26,775 shares during the period. Roffman Miller Associates Inc. PA’s holdings in Exxon Mobil were worth $16,680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Levin Capital Strategies L.P. increased its stake in shares of Exxon Mobil by 52.6% during the second quarter. Levin Capital Strategies L.P. now owns 51,924 shares of the oil and gas company’s stock valued at $5,597,000 after buying an additional 17,903 shares during the period. Connable Office Inc. purchased a new stake in Exxon Mobil in the second quarter worth $285,000. Bridgewater Advisors Inc. boosted its holdings in Exxon Mobil by 16.4% in the second quarter. Bridgewater Advisors Inc. now owns 61,247 shares of the oil and gas company’s stock valued at $6,914,000 after acquiring an additional 8,631 shares in the last quarter. Peregrine Asset Advisers Inc. increased its position in Exxon Mobil by 4.9% during the 2nd quarter. Peregrine Asset Advisers Inc. now owns 12,215 shares of the oil and gas company’s stock valued at $1,317,000 after purchasing an additional 576 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock worth $5,023,298,000 after purchasing an additional 1,274,860 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $113.85 on Tuesday. 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 stock has a market cap of $485.37 billion, a P/E ratio of 16.17, a P/E/G ratio of 2.06 and a beta of 0.51. The business’s 50 day moving average price is $113.30 and its 200-day moving average price is $110.08. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.6%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 57.56%.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Monday. Melius Research started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Bank of America increased 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, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.50.

Insider Transactions at Exxon Mobil

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

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.