SeaCrest Wealth Management LLC Raises Holdings in Exxon Mobil Corporation $XOM

Key Points

• SeaCrest Wealth Management LLC increased its holdings in Exxon Mobil Corporation by 6.8% during the 2nd quarter, now owning 35,822 shares valued at approximately $3.86 million.
• Exxon Mobil recently reported $81.51 billion in revenue for the last quarter, surpassing expectations, although earnings per share have decreased compared to the previous year.
• The company announced a quarterly dividend of $0.99 per share, which yields about 3.5%, with a payout ratio currently at 56.25%.

SeaCrest Wealth Management LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,822 shares of the oil and gas company's stock after acquiring an additional 2,288 shares during the period. SeaCrest Wealth Management LLC's holdings in Exxon Mobil were worth $3,862,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock worth $3,850,167,000 after acquiring an additional 512,860 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Amundi grew its position in Exxon Mobil by 9.7% during the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after buying an additional 2,329,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after acquiring an additional 909,386 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the vice president 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

XOM stock traded down $1.11 during trading on Friday, hitting $112.82. 38,732,208 shares of the company traded hands, compared to its average volume of 14,867,029. The company has a market cap of $480.98 billion, a PE ratio of 16.03, a P/E/G ratio of 2.06 and a beta of 0.57. The stock's 50-day simple moving average is $110.54 and its 200 day simple moving average is $109.35. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. 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 earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. The business's quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's payout ratio is presently 56.25%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. UBS Group increased their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exxon Mobil has a consensus 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.