Opes Wealth Management LLC Makes New $510,000 Investment in Exxon Mobil Corporation $XOM

Opes Wealth Management LLC bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,727 shares of the oil and gas company's stock, valued at approximately $510,000.

Other hedge funds have also added to or reduced their stakes in the company. Axis Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after purchasing an additional 90 shares during the last quarter. Park Edge Advisors LLC lifted its holdings in Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after buying an additional 91 shares during the period. Willow Creek Wealth Management Inc. boosted its stake in Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after acquiring an additional 91 shares during the last quarter. Chapin Davis Inc. grew its holdings in Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock worth $497,000 after acquiring an additional 93 shares during the period. Finally, Cascade Investment Group Inc. raised its position in shares of Exxon Mobil by 2.1% during the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company's stock valued at $476,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley upped their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. Finally, Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $127.58.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents 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 available through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Down 0.5%

Shares of Exxon Mobil stock opened at $115.39 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The business has a 50-day moving average of $112.58 and a two-hundred day moving average of $109.54. The company has a market capitalization of $491.94 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is 56.25%.

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.

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