Wedmont Private Capital Buys 10,758 Shares of Exxon Mobil Co. (NYSE:XOM)

Wedmont Private Capital lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 24.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 54,911 shares of the oil and gas company’s stock after purchasing an additional 10,758 shares during the period. Wedmont Private Capital’s holdings in Exxon Mobil were worth $6,220,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of XOM. Norges Bank purchased a new stake in Exxon Mobil during the fourth quarter worth $5,519,753,000. Global Assets Advisory LLC grew its position in shares of Exxon Mobil by 16,399.4% during the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after acquiring an additional 12,540,435 shares during the period. Fisher Asset Management LLC increased its stake in shares of Exxon Mobil by 566.2% in the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after purchasing an additional 11,216,602 shares in the last quarter. Capital International Investors raised its holdings in Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after buying an additional 2,676,652 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Mizuho raised their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, HSBC boosted their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.39.

Exxon Mobil Stock Performance

XOM traded down $0.86 on Tuesday, hitting $118.14. The company had a trading volume of 6,409,155 shares, compared to its average volume of 17,301,900. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company’s fifty day moving average price is $114.27 and its 200 day moving average price is $113.05. The stock has a market cap of $465.83 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 EPS. Equities analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

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.