Persium Advisors LLC Increases Stock Holdings in Exxon Mobil Corporation $XOM

Persium Advisors LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,389 shares of the oil and gas company’s stock after acquiring an additional 328 shares during the quarter. Exxon Mobil comprises about 0.6% of Persium Advisors LLC’s holdings, making the stock its 28th biggest holding. Persium Advisors LLC’s holdings in Exxon Mobil were worth $689,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Martin Capital Partners LLC lifted its stake in Exxon Mobil by 233.0% in the 2nd quarter. Martin Capital Partners LLC now owns 54,149 shares of the oil and gas company’s stock worth $5,837,000 after purchasing an additional 37,888 shares in the last quarter. Canandaigua National Trust Co of Florida increased its holdings in shares of Exxon Mobil by 27.8% in the second quarter. Canandaigua National Trust Co of Florida now owns 6,301 shares of the oil and gas company’s stock worth $679,000 after purchasing an additional 1,370 shares during the period. Allen Mooney & Barnes Investment Advisors LLC raised its position in shares of Exxon Mobil by 1.3% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 163,319 shares of the oil and gas company’s stock worth $17,606,000 after buying an additional 2,089 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in Exxon Mobil by 2.2% during the second quarter. Canandaigua National Bank & Trust Co. now owns 221,782 shares of the oil and gas company’s stock valued at $23,908,000 after buying an additional 4,729 shares during the period. Finally, RMR Wealth Builders boosted its stake in Exxon Mobil by 1.4% during the second quarter. RMR Wealth Builders now owns 37,479 shares of the oil and gas company’s stock valued at $4,040,000 after buying an additional 533 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.21 on Monday. The company has a 50-day simple moving average of $110.55 and a two-hundred day simple moving average of $109.14. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market cap of $478.38 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company’s revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.14 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given 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 (DPR) is currently 56.25%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group increased their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Finally, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $124.81.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred 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 sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.