Access Investment Management LLC Invests $58,000 in Exxon Mobil Corporation $XOM

Access Investment Management LLC purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 542 shares of the oil and gas company’s stock, valued at approximately $58,000.

A number of other hedge funds have also recently made changes to their positions in the business. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the 1st quarter worth $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil during the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC increased its holdings in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $38,000. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $114.52 on Monday. The company has a 50-day simple moving average of $113.26 and a two-hundred day simple moving average of $110.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market capitalization of $488.21 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion during the quarter. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is 57.56%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on XOM. UBS Group lifted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Wells Fargo & Company started coverage on Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Finally, Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $127.00.

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.