Exxon Mobil Corporation $XOM Holdings Increased by Bogart Wealth LLC

Key Points

• Bogart Wealth LLC increased its holdings in Exxon Mobil Corporation by 6.1% during the second quarter, now owning 1,398,367 shares valued at approximately $150.7 million.
• Multiple hedge funds made substantial changes to their positions in Exxon Mobil, including Graybill Wealth Management and Game Plan Financial Advisors LLC, which acquired new stakes and significantly increased their investments.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, representing an annualized dividend yield of 3.5% with a payout ratio of 56.25%.

Bogart Wealth LLC grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,398,367 shares of the oil and gas company's stock after purchasing an additional 80,845 shares during the period. Exxon Mobil makes up about 6.4% of Bogart Wealth LLC's investment portfolio, making the stock its largest position. Bogart Wealth LLC's holdings in Exxon Mobil were worth $150,744,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction 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 transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Thursday, October 9th. Barclays decreased their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a report on Tuesday, October 7th. Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an "overweight" rating and a $156.00 price objective for the company. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $127.58.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.72 on Wednesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a market cap of $480.55 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. 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 has a fifty day moving average of $112.10 and a 200-day moving average of $109.25.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's 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.

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