Sigma Investment Counselors Inc. Boosts Stake in Exxon Mobil Corporation $XOM

Sigma Investment Counselors Inc. increased its position in Exxon Mobil Corporation (NYSE:XOM) by 3.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 51,264 shares of the oil and gas company’s stock after purchasing an additional 1,775 shares during the period. Sigma Investment Counselors Inc.’s holdings in Exxon Mobil were worth $5,526,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Planned Solutions Inc. increased its position in Exxon Mobil by 2.8% in the 2nd quarter. Planned Solutions Inc. now owns 4,112 shares of the oil and gas company’s stock valued at $443,000 after acquiring an additional 113 shares during the period. Financial Synergies Wealth Advisors Inc. increased its position in Exxon Mobil by 5.7% in the 2nd quarter. Financial Synergies Wealth Advisors Inc. now owns 50,556 shares of the oil and gas company’s stock valued at $5,450,000 after acquiring an additional 2,730 shares during the period. Dumont & Blake Investment Advisors LLC increased its position in Exxon Mobil by 0.6% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 18,239 shares of the oil and gas company’s stock valued at $1,966,000 after acquiring an additional 104 shares during the period. First Bancorp Inc ME increased its position in Exxon Mobil by 5.8% in the 2nd quarter. First Bancorp Inc ME now owns 21,251 shares of the oil and gas company’s stock valued at $2,291,000 after acquiring an additional 1,159 shares during the period. Finally, SAM Advisors LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at about $240,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Bank of America boosted their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Mizuho dropped their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, Wells Fargo & Company assumed coverage on Exxon Mobil in a research report on Friday. They set an “overweight” rating and a $156.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.68 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $111.97 and its two-hundred day moving average is $109.22. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a market capitalization of $480.38 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.01 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company 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. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is currently 56.25%.

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 that occurred 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 sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate 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.