BSW Wealth Partners Has $1.05 Million Holdings in Exxon Mobil Corporation $XOM

Key Points

• BSW Wealth Partners reduced its holdings in Exxon Mobil Corporation by 26.2% during the second quarter, now owning 9,763 shares worth approximately $1.05 million.
• A variety of institutional investors have increased or acquired new stakes in Exxon Mobil, with 61.80% of the stock currently held by such entities.
• Exxon Mobil reported $1.64 earnings per share for the last quarter, surpassing analyst expectations, while also announcing a quarterly dividend of $0.99 per share.

BSW Wealth Partners decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 26.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,763 shares of the oil and gas company's stock after selling 3,471 shares during the quarter. BSW Wealth Partners' holdings in Exxon Mobil were worth $1,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Graybill Wealth Management LTD. bought a new position in Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC raised its position in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil during the second quarter worth $38,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Melius Research initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. Mizuho reduced their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Trading Up 1.8%

NYSE:XOM opened at $113.25 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm's fifty day moving average is $111.15 and its 200-day moving average is $109.56. The firm has a market cap of $482.81 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The business 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 revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.14 earnings per share. Equities 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

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.

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