Stockman Wealth Management Inc. boosted its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,232 shares of the oil and gas company’s stock after buying an additional 5,592 shares during the period. Exxon Mobil makes up about 1.9% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 8th largest position. Stockman Wealth Management Inc.’s holdings in Exxon Mobil were worth $7,900,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of XOM. Mizuho Securities Co. Ltd. increased its stake in Exxon Mobil by 243.6% during the first quarter. Mizuho Securities Co. Ltd. now owns 756 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 536 shares during the period. tru Independence LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $43,000. Baldrige Asset Management LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $50,000. USA Financial Portformulas Corp acquired a new position in shares of Exxon Mobil in the second quarter valued at $57,000. Finally, Summit Wealth Group LLC bought a new position in Exxon Mobil in the first quarter worth $73,000. 51.73% of the stock is owned by institutional investors.
NYSE:XOM traded up $1.81 during mid-day trading on Monday, hitting $59.40. The company had a trading volume of 347,334 shares, compared to its average volume of 25,191,336. Exxon Mobil Co. has a fifty-two week low of $31.11 and a fifty-two week high of $64.93. The business’s fifty day moving average is $55.94 and its two-hundred day moving average is $58.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 0.85. The firm has a market cap of $251.47 billion, a P/E ratio of -18.52, a P/E/G ratio of 0.69 and a beta of 1.44.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were issued a dividend of $0.87 per share. The ex-dividend date was Thursday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.86%. Exxon Mobil’s payout ratio is presently -1,054.55%.
XOM has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of Exxon Mobil in a report on Monday, July 12th. They set a “market perform” rating and a $69.00 price objective for the company. Morgan Stanley upgraded shares of Exxon Mobil to a “strong-buy” rating and set a $72.00 price target for the company in a research note on Friday, June 18th. Royal Bank of Canada reissued a “sell” rating and issued a $60.00 target price on shares of Exxon Mobil in a report on Wednesday, June 2nd. Barclays boosted their price target on Exxon Mobil from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, June 3rd. Finally, Wells Fargo & Company upped their price target on Exxon Mobil from $67.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, June 30th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $60.94.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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