Wedmont Private Capital Grows Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Wedmont Private Capital increased its stake in Exxon Mobil by 3.6% during Q2, bringing its total holdings to 64,916 shares valued at approximately $7.39 million.
• Exxon Mobil reported $1.64 EPS in its latest earnings, exceeding analysts' expectations of $1.47, while its quarterly revenue fell 12.4% year-over-year.
• The company declared a quarterly dividend of $0.99 per share, yielding 3.5% with a payout ratio of 56.25%.

Wedmont Private Capital raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,916 shares of the oil and gas company's stock after acquiring an additional 2,271 shares during the quarter. Wedmont Private Capital's holdings in Exxon Mobil were worth $7,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Baader Bank Aktiengesellschaft lifted its stake in shares of Exxon Mobil by 6.1% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 20,502 shares of the oil and gas company's stock valued at $2,018,000 after buying an additional 1,184 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in shares of Exxon Mobil by 56.0% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 13,995 shares of the oil and gas company's stock valued at $1,509,000 after buying an additional 5,025 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Exxon Mobil by 2.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 706,769 shares of the oil and gas company's stock valued at $76,190,000 after buying an additional 18,982 shares in the last quarter. Signal Advisors Wealth LLC lifted its stake in shares of Exxon Mobil by 108.4% during the 2nd quarter. Signal Advisors Wealth LLC now owns 32,307 shares of the oil and gas company's stock valued at $3,483,000 after buying an additional 16,806 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in shares of Exxon Mobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company's stock valued at $1,211,000 after buying an additional 207 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $1.11 during trading on Friday, reaching $112.82. The company had a trading volume of 38,732,208 shares, compared to its average volume of 13,609,037. The company has a fifty day moving average of $110.54 and a two-hundred day moving average of $109.31. The stock has a market capitalization of $480.98 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 2.08 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. 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 (NYSE:XOM - Get Free Report) last issued its quarterly 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. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 dividend payout ratio (DPR) is currently 56.25%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the 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 transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Piper Sandler upped their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Bank of America increased their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Melius Research initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. Finally, Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $124.76.

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.