QTR Family Wealth LLC Increases Holdings in Exxon Mobil Corporation $XOM

QTR Family Wealth LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM) by 21.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,581 shares of the oil and gas company’s stock after purchasing an additional 2,713 shares during the period. Exxon Mobil accounts for approximately 1.0% of QTR Family Wealth LLC’s holdings, making the stock its 24th largest position. QTR Family Wealth LLC’s holdings in Exxon Mobil were worth $1,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of XOM. Foster Group Inc. increased its stake in shares of Exxon Mobil by 9.7% in the 1st quarter. Foster Group Inc. now owns 15,767 shares of the oil and gas company’s stock worth $1,875,000 after purchasing an additional 1,398 shares in the last quarter. Edge Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth $17,201,000. Ullmann Wealth Partners Group LLC increased its stake in shares of Exxon Mobil by 4.6% in the 1st quarter. Ullmann Wealth Partners Group LLC now owns 8,728 shares of the oil and gas company’s stock worth $1,038,000 after purchasing an additional 385 shares in the last quarter. MRA Advisory Group increased its stake in shares of Exxon Mobil by 11.7% in the 1st quarter. MRA Advisory Group now owns 9,081 shares of the oil and gas company’s stock worth $1,080,000 after purchasing an additional 950 shares in the last quarter. Finally, Signal Advisors Wealth LLC increased its stake in Exxon Mobil by 27.0% in the 1st quarter. Signal Advisors Wealth LLC now owns 15,501 shares of the oil and gas company’s stock worth $1,843,000 after buying an additional 3,291 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.8%

Shares of NYSE:XOM opened at $113.25 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a 50-day moving average price of $111.15 and a 200 day moving average price of $109.56. The company has a market cap of $482.81 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 EPS. As a group, 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. Stockholders 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 dividend yield of 3.5%. Exxon Mobil’s payout ratio is currently 56.25%.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. Bank of America increased their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Melius began 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 analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $125.00.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’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 transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.