Woodstock Corp Increases Stock Position in Exxon Mobil Corporation $XOM

Woodstock Corp grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 119,925 shares of the oil and gas company’s stock after buying an additional 529 shares during the period. Exxon Mobil accounts for approximately 1.2% of Woodstock Corp’s holdings, making the stock its 23rd biggest holding. Woodstock Corp’s holdings in Exxon Mobil were worth $12,928,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in XOM. Nuveen LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $2,730,414,000. GQG Partners LLC grew its stake in shares of Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after buying an additional 10,004,975 shares during the period. GAMMA Investing LLC grew its stake in shares of Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the period. Ameriprise Financial Inc. boosted its position in Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Finally, Amundi boosted its position in Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock worth $2,966,598,000 after purchasing an additional 2,329,964 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on XOM. Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Bank of America upped their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average price target of $124.76.

Insiders Place Their Bets

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 owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

XOM opened at $114.64 on Wednesday. The firm has a market cap of $488.74 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company’s 50-day moving average price is $110.59 and its 200 day moving average price is $109.19. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.14 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

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.