Divergent Planning LLC Invests $497,000 in Exxon Mobil Corporation $XOM

Divergent Planning LLC bought a new position in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,614 shares of the oil and gas company's stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Thrive Wealth Management LLC boosted its position in shares of Exxon Mobil by 3.4% in the second quarter. Thrive Wealth Management LLC now owns 11,981 shares of the oil and gas company's stock worth $1,292,000 after buying an additional 398 shares during the period. Balefire LLC boosted its position in Exxon Mobil by 101.2% during the second quarter. Balefire LLC now owns 6,121 shares of the oil and gas company's stock valued at $660,000 after purchasing an additional 3,079 shares during the last quarter. LifePlan Financial LLC boosted its position in Exxon Mobil by 2.6% during the second quarter. LifePlan Financial LLC now owns 6,227 shares of the oil and gas company's stock valued at $671,000 after purchasing an additional 160 shares during the last quarter. New England Research & Management Inc. boosted its position in Exxon Mobil by 9.9% during the second quarter. New England Research & Management Inc. now owns 19,852 shares of the oil and gas company's stock valued at $2,140,000 after purchasing an additional 1,793 shares during the last quarter. Finally, Krilogy Financial LLC boosted its position in Exxon Mobil by 7.3% during the second quarter. Krilogy Financial LLC now owns 23,983 shares of the oil and gas company's stock valued at $2,585,000 after purchasing an additional 1,638 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Up 2.0%

Shares of XOM opened at $114.64 on Wednesday. The company has a market capitalization of $488.74 billion, a P/E ratio of 16.28, a PEG ratio of 2.05 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The business's 50 day simple moving average is $110.59 and its 200-day simple moving average is $109.19.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil's revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.14 EPS. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the business'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 value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Bank of America raised their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $124.76.

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.

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.