Janney Montgomery Scott LLC Increases Position in Exxon Mobil Corporation $XOM

Janney Montgomery Scott LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,588,632 shares of the oil and gas company's stock after buying an additional 26,250 shares during the period. Janney Montgomery Scott LLC's holdings in Exxon Mobil were worth $171,255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Elser Financial Planning Inc purchased a new position in Exxon Mobil in the second quarter valued at approximately $306,000. Cyr Financial Inc. lifted its stake in Exxon Mobil by 16.4% in the second quarter. Cyr Financial Inc. now owns 9,652 shares of the oil and gas company's stock valued at $1,040,000 after purchasing an additional 1,359 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC lifted its stake in Exxon Mobil by 55.7% in the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,219 shares of the oil and gas company's stock valued at $347,000 after purchasing an additional 1,152 shares during the last quarter. Invesco LLC lifted its stake in Exxon Mobil by 2.0% in the second quarter. Invesco LLC now owns 17,713 shares of the oil and gas company's stock valued at $1,909,000 after purchasing an additional 345 shares during the last quarter. Finally, Nova R Wealth Inc. lifted its stake in Exxon Mobil by 15.5% in the second quarter. Nova R Wealth Inc. now owns 3,673 shares of the oil and gas company's stock valued at $396,000 after purchasing an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was 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 in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Exxon Mobil Trading Down 0.6%

Shares of XOM stock opened at $112.04 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market capitalization of $477.64 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. The business's fifty day moving average is $111.09 and its 200 day moving average is $109.58.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter last year, the business posted $2.14 earnings per share. The firm's revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Finally, Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $125.00.

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.

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.