Lyell Wealth Management LP Grows Position in Exxon Mobil Corporation $XOM

Key Points

• Lyell Wealth Management LP has increased its Exxon Mobil shares by 17.5%, now holding 21,596 shares valued at approximately $2.3 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, with a current annualized dividend yield of 3.5%.
• Wall Street analysts rate Exxon Mobil with an average of "Moderate Buy" and a consensus target price of $127.58, reflecting positive market sentiment.

Lyell Wealth Management LP increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 17.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,596 shares of the oil and gas company's stock after purchasing an additional 3,214 shares during the period. Lyell Wealth Management LP's holdings in Exxon Mobil were worth $2,328,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil during the 1st quarter worth about $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil during the 1st quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its position in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after buying an additional 300 shares during the period. Finally, 1248 Management LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at about $40,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.0%

NYSE XOM opened at $112.72 on Wednesday. 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 firm has a market cap of $480.55 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The company has a 50 day moving average price of $112.10 and a 200 day moving average price of $109.25. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid 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 was Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Bank of America boosted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Melius Research initiated 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. Barclays lowered their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research report on Tuesday, October 7th. Finally, Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They issued an "overweight" rating and a $156.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $127.58.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president 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 legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by company 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.

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