WBI Investments LLC Takes Position in Exxon Mobil Corporation $XOM

Key Points

• WBI Investments LLC has acquired a new stake in Exxon Mobil Corporation, purchasing 2,237 shares valued at approximately $266,000 during the first quarter.
• Exxon Mobil recently announced a quarterly dividend of $0.99, representing a yield of 3.5% with a payout ratio of 56.25%.
• Wall Street analysts have varied ratings for Exxon Mobil, with an average target price of $124.81, and most analysts currently holding a "Hold" rating.

WBI Investments LLC acquired a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,237 shares of the oil and gas company's stock, valued at approximately $266,000.

Several other institutional investors have also bought and sold shares of XOM. Jacobs Levy Equity Management Inc. boosted its stake in Exxon Mobil by 300.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock worth $1,534,000 after purchasing an additional 10,697 shares in the last quarter. Malaga Cove Capital LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $333,000. Quadcap Wealth Management LLC raised its position in shares of Exxon Mobil by 13.4% in the 4th quarter. Quadcap Wealth Management LLC now owns 21,697 shares of the oil and gas company's stock valued at $2,334,000 after acquiring an additional 2,565 shares during the period. ProShare Advisors LLC raised its position in shares of Exxon Mobil by 4.0% in the 4th quarter. ProShare Advisors LLC now owns 2,343,634 shares of the oil and gas company's stock valued at $252,105,000 after acquiring an additional 90,835 shares during the period. Finally, Point72 Europe London LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $44,166,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Wall Street Zen downgraded Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $124.81.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.26 on Friday. The stock has a market cap of $478.59 billion, a P/E ratio of 15.95, a PEG ratio of 2.06 and a beta of 0.57. The stock has a 50 day simple moving average of $110.55 and a 200 day simple moving average of $109.14. 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 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly 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. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm posted $2.14 EPS. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction 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 directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

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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