Envestnet Portfolio Solutions Inc. Purchases 23,226 Shares of Exxon Mobil Corporation $XOM

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in Exxon Mobil Corporation by 8.9%, acquiring 23,226 additional shares and raising its total position to 283,832 shares valued at approximately $30.6 million.
• Analysts have set a consensus price target for Exxon Mobil at $126.05, with ratings including one Strong Buy, nine Buys, and ten Holds.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, providing an annualized yield of 3.6% and a payout ratio of 56.25%.

Envestnet Portfolio Solutions Inc. raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 283,832 shares of the oil and gas company's stock after acquiring an additional 23,226 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Exxon Mobil were worth $30,597,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Westchester Capital Management Inc. lifted its holdings in Exxon Mobil by 1.2% in the second quarter. Westchester Capital Management Inc. now owns 123,528 shares of the oil and gas company's stock valued at $13,316,000 after acquiring an additional 1,405 shares during the period. RoundAngle Advisors LLC lifted its holdings in Exxon Mobil by 0.7% in the second quarter. RoundAngle Advisors LLC now owns 13,701 shares of the oil and gas company's stock valued at $1,477,000 after acquiring an additional 101 shares during the period. Concord Asset Management LLC VA lifted its holdings in Exxon Mobil by 13.0% in the second quarter. Concord Asset Management LLC VA now owns 36,923 shares of the oil and gas company's stock valued at $3,980,000 after acquiring an additional 4,243 shares during the period. Total Clarity Wealth Management Inc. raised its stake in shares of Exxon Mobil by 42.1% in the second quarter. Total Clarity Wealth Management Inc. now owns 6,256 shares of the oil and gas company's stock worth $674,000 after buying an additional 1,853 shares during the period. Finally, Pzena Investment Management LLC raised its stake in shares of Exxon Mobil by 6.3% in the second quarter. Pzena Investment Management LLC now owns 654,086 shares of the oil and gas company's stock worth $70,510,000 after buying an additional 38,663 shares during the period. Institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on XOM shares. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Morgan Stanley raised their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Bank of America raised their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $126.05.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction 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. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.71 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a 50-day moving average price of $111.72 and a 200 day moving average price of $109.30. The stock has a market capitalization of $471.98 billion, a P/E ratio of 15.73, a P/E/G ratio of 2.01 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company 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 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

About Exxon Mobil

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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