ARS Wealth Advisors Group LLC Buys 4,685 Shares of Exxon Mobil Corporation $XOM

Key Points

• ARS Wealth Advisors Group LLC increased its holdings in Exxon Mobil Corporation by 2.3% during the 2nd quarter, bringing their total shares to 207,835, valued at approximately $22.4 million.
• Exxon Mobil's quarterly earnings surpassed analysts' expectations, reporting an EPS of $1.64 against forecasts of $1.47, with a revenue of $81.51 billion for the quarter.
• The company declared a quarterly dividend of $0.99 per share, leading to an annualized dividend yield of 3.5%, with a payout ratio of 56.25%.

ARS Wealth Advisors Group LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 207,835 shares of the oil and gas company's stock after purchasing an additional 4,685 shares during the period. Exxon Mobil makes up 2.6% of ARS Wealth Advisors Group LLC's investment portfolio, making the stock its 11th biggest holding. ARS Wealth Advisors Group LLC's holdings in Exxon Mobil were worth $22,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Two Sigma Investments LP raised its holdings in shares of Exxon Mobil by 6.0% in the 4th quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock worth $3,234,000 after acquiring an additional 1,698 shares during the last quarter. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter worth about $25,000. Pinkerton Retirement Specialists LLC raised its holdings in shares of Exxon Mobil by 3.3% in the 4th quarter. Pinkerton Retirement Specialists LLC now owns 44,622 shares of the oil and gas company's stock worth $4,800,000 after acquiring an additional 1,432 shares during the last quarter. RB Capital Management LLC raised its holdings in shares of Exxon Mobil by 3.3% in the 4th quarter. RB Capital Management LLC now owns 22,733 shares of the oil and gas company's stock worth $2,445,000 after acquiring an additional 734 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 5.8% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 5,033 shares of the oil and gas company's stock worth $541,000 after acquiring an additional 274 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. UBS Group upped their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Hold" and an average price target of $124.76.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 sale, the vice president directly 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $1.09 during trading on Monday, reaching $111.73. The company's stock had a trading volume of 5,207,545 shares, compared to its average volume of 16,551,734. The business has a 50 day moving average price of $110.54 and a 200-day moving average price of $109.35. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $476.32 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The company 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 quarterly 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 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a 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.