Exxon Mobil Corporation $XOM Shares Purchased by Triad Wealth Partners LLC

Key Points

• Triad Wealth Partners LLC increased its stake in Exxon Mobil by 68.0%, owning 16,478 shares valued at approximately $1.78 million as of the latest SEC filing.
• Analyst price targets for Exxon Mobil have seen significant adjustments, with Bank of America and Morgan Stanley raising their targets to $120.00 and $135.00 respectively, while the average target price is now at $125.00.
• Exxon Mobil's latest earnings report revealed an EPS of $1.64, surpassing estimates, although revenue dropped 12.4% year-over-year to $81.51 billion.

Triad Wealth Partners LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 68.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,478 shares of the oil and gas company's stock after buying an additional 6,670 shares during the period. Triad Wealth Partners LLC's holdings in Exxon Mobil were worth $1,776,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in XOM. Unique Wealth LLC acquired a new stake in Exxon Mobil in the first quarter worth $219,000. Eagle Rock Investment Company LLC increased its position in Exxon Mobil by 2.6% in the first quarter. Eagle Rock Investment Company LLC now owns 6,445 shares of the oil and gas company's stock worth $767,000 after buying an additional 162 shares during the period. Sovereign Financial Group Inc. increased its position in Exxon Mobil by 1.7% in the first quarter. Sovereign Financial Group Inc. now owns 22,623 shares of the oil and gas company's stock worth $2,691,000 after buying an additional 385 shares during the period. Pines Wealth Management LLC grew its stake in shares of Exxon Mobil by 3.8% in the first quarter. Pines Wealth Management LLC now owns 25,200 shares of the oil and gas company's stock worth $2,997,000 after purchasing an additional 923 shares in the last quarter. Finally, Udine Wealth Management Inc. grew its stake in shares of Exxon Mobil by 15.4% in the first quarter. Udine Wealth Management Inc. now owns 19,968 shares of the oil and gas company's stock worth $2,375,000 after purchasing an additional 2,664 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Bank of America increased their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Mizuho decreased their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Trading Up 1.8%

Shares of NYSE XOM opened at $113.25 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market cap of $482.81 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 2.06 and a beta of 0.51. 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 business has a fifty day simple moving average of $111.15 and a 200-day simple moving average of $109.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the prior year, the business posted $2.14 earnings per share. Exxon Mobil's revenue was down 12.4% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced 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. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction 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 sale, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate 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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.