Wellington Capital Management Inc. Invests $699,000 in Exxon Mobil Corporation $XOM

Wellington Capital Management Inc. acquired a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,487 shares of the oil and gas company’s stock, valued at approximately $699,000. Exxon Mobil accounts for approximately 1.0% of Wellington Capital Management Inc.’s portfolio, making the stock its 27th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elequin Capital LP bought a new position in shares of Exxon Mobil in the first quarter worth approximately $31,000. Game Plan Financial Advisors LLC lifted its stake in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil in the 2nd quarter worth $38,000. Bare Financial Services Inc boosted its holdings in Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the period. Finally, 1248 Management LLC bought a new stake in Exxon Mobil during the first quarter valued at about $40,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $118.77 on Friday. The company has a market cap of $500.88 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.50 and a beta of 0.38. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $120.81. The stock’s 50 day simple moving average is $115.60 and its two-hundred day simple moving average is $112.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion during the quarter. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is presently 59.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup upped their price objective on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday. TD Cowen boosted their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research report on Tuesday. Finally, Bank of America dropped their target price on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $129.24.

Exxon Mobil Company 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.