Exxon Mobil Corporation $XOM Stock Holdings Increased by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management Inc. acquired an additional 4,101 shares of Exxon Mobil Corporation, increasing its total holdings to 220,132 shares, valued at approximately $23.73 million.
• Exxon Mobil reported a quarterly earnings per share of $1.64, exceeding analyst expectations, but its revenue of $81.51 billion represented a 12.4% decrease from the previous year.
• The company declared a quarterly dividend of $0.99 per share, which yields about 3.5% annually, with a dividend payout ratio of 56.25%.

Ferguson Wellman Capital Management Inc. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,132 shares of the oil and gas company's stock after acquiring an additional 4,101 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in Exxon Mobil were worth $23,730,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $32,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated 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 owned 13,829 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Down 1.0%

Shares of Exxon Mobil stock traded down $1.11 during trading on Friday, hitting $112.82. The stock had a trading volume of 38,732,208 shares, compared to its average volume of 13,609,037. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market cap of $480.98 billion, a PE ratio of 16.03, a PEG 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. The firm's fifty day simple moving average is $110.54 and its 200-day simple moving average is $109.31.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates 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 last year, the company earned $2.14 EPS. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared 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 dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

Analysts Set New Price Targets

Several analysts have recently commented on XOM shares. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Mizuho reduced their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Finally, UBS Group raised their target price 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. One equities 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $124.76.

Exxon Mobil 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.