Investment Advisory Group LLC Raises Stock Position in Exxon Mobil Corporation $XOM

Investment Advisory Group LLC increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,737 shares of the oil and gas company’s stock after buying an additional 270 shares during the period. Investment Advisory Group LLC’s holdings in Exxon Mobil were worth $1,373,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. AdviceOne Advisory Services LLC increased its stake in Exxon Mobil by 5.6% in the second quarter. AdviceOne Advisory Services LLC now owns 5,986 shares of the oil and gas company’s stock valued at $645,000 after purchasing an additional 319 shares during the last quarter. Matrix Asset Advisors Inc. NY increased its stake in Exxon Mobil by 2.0% in the second quarter. Matrix Asset Advisors Inc. NY now owns 4,855 shares of the oil and gas company’s stock valued at $523,000 after purchasing an additional 93 shares during the last quarter. Inman Jager Wealth Management LLC increased its stake in Exxon Mobil by 2.5% in the second quarter. Inman Jager Wealth Management LLC now owns 15,152 shares of the oil and gas company’s stock valued at $1,633,000 after purchasing an additional 368 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its stake in Exxon Mobil by 20.2% in the second quarter. Fifth Third Wealth Advisors LLC now owns 168,331 shares of the oil and gas company’s stock valued at $18,146,000 after purchasing an additional 28,251 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its stake in Exxon Mobil by 2.8% in the second quarter. Richardson Financial Services Inc. now owns 5,458 shares of the oil and gas company’s stock valued at $596,000 after purchasing an additional 147 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.1%

Exxon Mobil stock opened at $112.40 on Wednesday. The stock has a market cap of $479.21 billion, a PE ratio of 15.97, a P/E/G ratio of 2.03 and a beta of 0.51. The stock has a 50-day moving average price of $111.52 and a 200 day moving average price of $109.34. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. 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 (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. 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 dividend payout ratio is presently 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. UBS Group raised their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $126.05.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

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.