Cyndeo Wealth Partners LLC Has $8.03 Million Position in Exxon Mobil Corporation $XOM

Cyndeo Wealth Partners LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,487 shares of the oil and gas company's stock after purchasing an additional 3,607 shares during the period. Cyndeo Wealth Partners LLC's holdings in Exxon Mobil were worth $8,030,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Axis Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after purchasing an additional 90 shares during the last quarter. Park Edge Advisors LLC increased its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after acquiring an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. boosted its position in shares of Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock worth $285,000 after purchasing an additional 91 shares in the last quarter. Chapin Davis Inc. lifted its holdings in Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock worth $497,000 after acquiring an additional 93 shares in the last quarter. Finally, Gagnon Securities LLC increased its stake in Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after purchasing an additional 95 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XOM. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Thursday. UBS Group increased their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a report on Tuesday, October 7th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Finally, Bank of America boosted their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.95.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $110.93 on Monday. The firm has a market capitalization of $472.93 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm's fifty day moving average price is $111.32 and its two-hundred day moving average price is $109.36. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion for the quarter. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is currently 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.

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 Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.