WBH Advisory Inc. Trims Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• WBH Advisory Inc. has reduced its stake in Exxon Mobil Corporation by 25.6%, now owning 7,494 shares worth approximately $808,000 after selling 2,577 shares in the second quarter.
• Exxon Mobil recently announced a quarterly dividend of $0.99, resulting in an annualized amount of $3.96 and a yield of 3.5%.
• Analysts have varying ratings on Exxon Mobil, with an average target price of $127.58 and multiple recommendations ranging from "Strong Buy" to "Hold."

WBH Advisory Inc. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 25.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,494 shares of the oil and gas company's stock after selling 2,577 shares during the period. WBH Advisory Inc.'s holdings in Exxon Mobil were worth $808,000 at the end of the most recent quarter.

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

Exxon Mobil Trading Up 0.0%

XOM stock opened at $112.72 on Wednesday. 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 Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a market cap of $480.55 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.02 and a beta of 0.51. The business's 50-day moving average is $112.10 and its 200 day moving average is $109.25.

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 (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 for the quarter. On average, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. Barclays reduced their price objective on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. UBS Group raised their target price on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Wells Fargo & Company began coverage on Exxon Mobil in a research report on Friday, October 17th. They set an "overweight" rating and a $156.00 target price on the stock. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Two 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $127.58.

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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