Weaver Consulting Group Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Weaver Consulting Group lifted its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 6.9% in the 1st quarter, HoldingsChannel reports. The firm owned 7,849 shares of the oil and gas company’s stock after buying an additional 510 shares during the quarter. Weaver Consulting Group’s holdings in Exxon Mobil were worth $648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Guardian Wealth Management Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $30,000. Horan Securities Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $31,000. West Bancorporation Inc. purchased a new position in Exxon Mobil during the 4th quarter valued at about $32,000. Nvwm LLC lifted its position in Exxon Mobil by 100.0% during the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 300 shares during the period. Finally, Core Wealth Advisors Inc. lifted its position in Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 500 shares during the period. 54.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. HSBC lifted their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research report on Wednesday, July 20th. Cowen lifted their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Cowen upped their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Finally, Morgan Stanley reduced their price target on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $96.40.

Exxon Mobil Trading Up 1.4 %

Shares of XOM stock opened at $88.45 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The company has a market cap of $372.60 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09. Exxon Mobil Co. has a 1 year low of $52.10 and a 1 year high of $105.57. The firm has a fifty day moving average price of $90.93 and a 200-day moving average price of $85.91.

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 (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. Exxon Mobil’s revenue for the quarter was up 70.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 12.35 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on 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 directly owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Insiders have sold 7,147 shares of company stock valued at $698,858 over the last 90 days. 0.04% of the stock is currently owned by corporate insiders.

About Exxon Mobil

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMGet Rating).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.