Wealthcare Advisory Partners LLC Increases Stake in Exxon Mobil Corporation $XOM

Key Points

• Wealthcare Advisory Partners LLC increased its stake in Exxon Mobil by 3.7% during the 2nd quarter, now owning 108,418 shares worth approximately $11.69 million.
• Exxon Mobil reported earnings of $1.64 per share for the most recent quarter, surpassing analysts' estimates, although revenue decreased by 12.4% year-over-year.
• The company announced a quarterly dividend of $0.99 per share, resulting in a 3.5% yield and a payout ratio of 56.25%.

Wealthcare Advisory Partners LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,418 shares of the oil and gas company's stock after purchasing an additional 3,821 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Exxon Mobil were worth $11,687,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of XOM. KMG Fiduciary Partners LLC raised its holdings in Exxon Mobil by 24.8% in the 1st quarter. KMG Fiduciary Partners LLC now owns 18,252 shares of the oil and gas company's stock valued at $2,171,000 after acquiring an additional 3,625 shares during the last quarter. Professional Advisory Services Inc. increased its holdings in shares of Exxon Mobil by 1.8% in the first quarter. Professional Advisory Services Inc. now owns 7,831 shares of the oil and gas company's stock valued at $931,000 after purchasing an additional 138 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in Exxon Mobil by 262.1% during the first quarter. SOA Wealth Advisors LLC. now owns 25,332 shares of the oil and gas company's stock worth $3,013,000 after buying an additional 18,336 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Exxon Mobil by 2.1% during the first quarter. Wedge Capital Management L L P NC now owns 7,224 shares of the oil and gas company's stock worth $859,000 after buying an additional 147 shares during the last quarter. Finally, Meridian Financial Partners LLC grew its holdings in Exxon Mobil by 0.9% in the 1st quarter. Meridian Financial Partners LLC now owns 30,024 shares of the oil and gas company's stock valued at $3,571,000 after buying an additional 276 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $114.18 on Tuesday. The company's 50 day simple moving average is $111.21 and its 200-day simple moving average is $109.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market capitalization of $486.78 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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 firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.14 EPS. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. 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 dividend payout ratio is presently 56.25%.

Insider Buying and Selling

In other Exxon Mobil 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on XOM shares. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a report on Saturday, September 27th. Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $125.00.

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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