VCI Wealth Management LLC Has $2.23 Million Stock Holdings in Exxon Mobil Corporation $XOM

VCI Wealth Management LLC increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,683 shares of the oil and gas company's stock after purchasing an additional 2,644 shares during the quarter. VCI Wealth Management LLC's holdings in Exxon Mobil were worth $2,230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of XOM. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of 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 purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC raised its holdings in shares of 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 purchasing an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $38,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 1.7%

Shares of XOM opened at $114.64 on Thursday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The firm's 50 day moving average is $112.24 and its 200-day moving average is $109.29. The stock has a market capitalization of $488.72 billion, a PE ratio of 16.28, a P/E/G ratio of 2.02 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Thursday, October 9th. Bank of America increased their price target 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. Finally, Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an "overweight" rating and a $156.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $127.58.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company's stock.

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.

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