West Oak Capital LLC Has $2.12 Million Stock Position in Exxon Mobil Corporation $XOM

Key Points

• West Oak Capital LLC increased its stake in Exxon Mobil by 23.4% during the second quarter, now holding shares worth approximately $2.12 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, representing a 3.5% yield and a payout ratio of 56.25%.
• Analysts have varying ratings on Exxon Mobil, with an average target price of $125.00 and ratings ranging from "Strong Buy" to "Sell."

West Oak Capital LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,642 shares of the oil and gas company's stock after buying an additional 3,720 shares during the quarter. West Oak Capital LLC's holdings in Exxon Mobil were worth $2,117,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Park Edge Advisors LLC increased its holdings in Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock worth $3,453,000 after purchasing an additional 91 shares in the last quarter. Axis Wealth Partners LLC grew its holdings in shares of Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after purchasing an additional 93 shares during the last quarter. Chapin Davis Inc. increased its stake in shares of Exxon Mobil by 2.1% in the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after buying an additional 93 shares during the period. Gagnon Securities LLC raised its holdings in Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after buying an additional 95 shares during the last quarter. Finally, Ascent Capital Management LLC boosted its position in Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after buying an additional 96 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. Mizuho decreased their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. UBS Group upped their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Finally, Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Stock Up 1.7%

Shares of NYSE:XOM opened at $113.94 on Wednesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The business's 50-day moving average is $110.52 and its 200-day moving average is $109.40. The company has a market capitalization of $485.75 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 2.04 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 earnings per share. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business 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 currently 56.25%.

Insider Buying and Selling

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.