Verdence Capital Advisors LLC Buys 4,450 Shares of Exxon Mobil Corporation $XOM

Key Points

• Verdence Capital Advisors LLC increased its stake in Exxon Mobil by 3.9% in the second quarter, acquiring an additional 4,450 shares, bringing its total holdings to 119,578 shares valued at approximately $12.89 million.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, which translates to an annualized dividend yield of 3.6% and a payout ratio of 56.25%.
• Wall Street analysts have mixed views on Exxon Mobil, with price targets varying; UBS Group increased their target from $143 to $145 and Mizuho decreased theirs from $124 to $123, highlighting a consensus rating of "Moderate Buy".

Verdence Capital Advisors LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,578 shares of the oil and gas company's stock after buying an additional 4,450 shares during the period. Exxon Mobil comprises 0.9% of Verdence Capital Advisors LLC's portfolio, making the stock its 21st biggest holding. Verdence Capital Advisors LLC's holdings in Exxon Mobil were worth $12,890,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the 1st quarter worth about $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC lifted its stake in Exxon Mobil by 1,500.0% during 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 during the period. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $38,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Down 0.8%

Shares of NYSE XOM opened at $110.71 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $111.72 and a two-hundred day moving average of $109.30. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The company has a market cap of $471.98 billion, a PE ratio of 15.73, a P/E/G ratio of 2.01 and a beta of 0.51.

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 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion during the quarter. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. Mizuho cut their target price on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. UBS Group lifted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a report on Monday. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Morgan Stanley lifted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Bank of America lifted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $126.05.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company's stock.

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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