Engrave Wealth Partners LLC Purchases 13,805 Shares of Exxon Mobil Co. (NYSE:XOM)

Engrave Wealth Partners LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 3.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 445,118 shares of the oil and gas company’s stock after purchasing an additional 13,805 shares during the quarter. Exxon Mobil accounts for 15.1% of Engrave Wealth Partners LLC’s investment portfolio, making the stock its largest holding. Engrave Wealth Partners LLC’s holdings in Exxon Mobil were worth $47,739,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC lifted its position in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc acquired a new position in shares of Exxon Mobil during the first quarter worth approximately $275,000. Loomis Sayles & Co. L P lifted its position in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares in the last quarter. Ergoteles LLC lifted its position in shares of Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new position in shares of Exxon Mobil during the first quarter worth approximately $237,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on XOM shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Wednesday, July 19th. StockNews.com initiated coverage on shares of Exxon Mobil in a research report on Thursday, August 17th. They set a “hold” rating on the stock. UBS Group boosted their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Mizuho boosted their price target on shares of Exxon Mobil from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Finally, HSBC boosted their price target on shares of Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $123.43.

Exxon Mobil Stock Down 1.5 %

Exxon Mobil stock opened at $116.72 on Friday. The stock has a market capitalization of $467.25 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $108.38 and a 200-day moving average of $108.47.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). The company had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The firm’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.14 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

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.