Signature Wealth Management Partners LLC Acquires 2,306 Shares of Exxon Mobil Corporation $XOM

Key Points

• Signature Wealth Management Partners LLC increased its holdings in Exxon Mobil by 24.7%, owning 11,646 shares valued at approximately $1.25 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99, resulting in an annualized yield of 3.5%, with a payout ratio of 56.25%.
• Wall Street analysts have varied opinions on Exxon Mobil, with price targets ranging from $111.00 to $143.00, and an average rating of "Hold."

Signature Wealth Management Partners LLC raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 24.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,646 shares of the oil and gas company's stock after purchasing an additional 2,306 shares during the period. Exxon Mobil accounts for about 0.7% of Signature Wealth Management Partners LLC's portfolio, making the stock its 27th largest position. Signature Wealth Management Partners LLC's holdings in Exxon Mobil were worth $1,255,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil in the 1st quarter worth $29,000. Elequin Capital LP purchased a new position in Exxon Mobil in the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC raised its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of Exxon Mobil during the first quarter valued at about $40,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Bank of America lifted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, UBS Group upped their target price on Exxon Mobil from $130.00 to $143.00 and gave the company 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 given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $125.00.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm'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 directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM opened at $114.18 on Tuesday. The company has a market cap of $486.78 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.06 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. The stock's fifty day moving average price is $111.21 and its 200 day moving average price is $109.47. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.14 EPS. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

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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