Exxon Mobil Corporation $XOM Shares Acquired by Novare Capital Management LLC

Key Points

• Novare Capital Management LLC increased its stake in Exxon Mobil by 20.3% during the second quarter, now holding 14,499 shares valued at $1,563,000.
• Analysts have a consensus target price of $127.58 for Exxon Mobil, with a current average rating of "Moderate Buy".
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, reflecting a yield of 3.5% and a payout ratio of 56.25%.

Novare Capital Management LLC grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,499 shares of the oil and gas company's stock after purchasing an additional 2,442 shares during the quarter. Novare Capital Management LLC's holdings in Exxon Mobil were worth $1,563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. CapWealth Advisors LLC raised its holdings in shares of Exxon Mobil by 5.2% in the 2nd quarter. CapWealth Advisors LLC now owns 20,830 shares of the oil and gas company's stock valued at $2,245,000 after purchasing an additional 1,029 shares in the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 1.3% in the 2nd quarter. Quotient Wealth Partners LLC now owns 630,138 shares of the oil and gas company's stock valued at $67,929,000 after purchasing an additional 7,857 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Exxon Mobil by 3.8% in the 2nd quarter. Koshinski Asset Management Inc. now owns 45,645 shares of the oil and gas company's stock valued at $4,921,000 after purchasing an additional 1,674 shares in the last quarter. Citizens Business Bank raised its holdings in shares of Exxon Mobil by 9.5% in the 2nd quarter. Citizens Business Bank now owns 29,339 shares of the oil and gas company's stock valued at $3,163,000 after purchasing an additional 2,544 shares in the last quarter. Finally, Stanley Laman Group Ltd. acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $297,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on XOM. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Melius began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Barclays cut their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 7th. Finally, Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $127.58.

Exxon Mobil Trading Up 0.4%

Shares of Exxon Mobil stock opened at $112.68 on Tuesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. 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 company has a market capitalization of $480.38 billion, a P/E ratio of 16.01, a PEG ratio of 2.01 and a beta of 0.51. The company's fifty day moving average is $111.97 and its two-hundred day moving average is $109.22.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 for the quarter. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The shares were 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 of the company's stock, valued at $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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

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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