Angeles Wealth Management LLC Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Angeles Wealth Management LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,873 shares of the oil and gas company’s stock after purchasing an additional 1,583 shares during the quarter. Angeles Wealth Management LLC’s holdings in Exxon Mobil were worth $2,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the first quarter worth $25,000. First Pacific Financial purchased a new stake in Exxon Mobil in the 1st quarter worth $34,000. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth $46,000. Vima LLC purchased a new stake in Exxon Mobil in the 4th quarter worth $50,000. Finally, Keener Financial Planning LLC purchased a new stake in Exxon Mobil in the 4th quarter worth $80,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank raised their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Wolfe Research assumed coverage on Exxon Mobil in a research report on Thursday. They set an “outperform” rating and a $146.00 price objective for the company. Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Mizuho raised their price objective on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, UBS Group lifted their price target on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.94.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.4 %

Shares of Exxon Mobil stock traded down $1.66 on Friday, hitting $117.14. 4,643,284 shares of the company traded hands, compared to its average volume of 17,687,322. The stock’s 50 day moving average price is $114.17 and its 200-day moving average price is $110.86. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a market cap of $461.88 billion, a PE ratio of 14.48, a PEG ratio of 4.46 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $2.83 EPS. Equities research analysts predict that Exxon Mobil Co. will post 8.8 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

About Exxon Mobil

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.