Exxon Mobil Co. (NYSE:XOM) Shares Sold by WFA of San Diego LLC

WFA of San Diego LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,791 shares of the oil and gas company’s stock after selling 450 shares during the quarter. Exxon Mobil comprises about 1.1% of WFA of San Diego LLC’s holdings, making the stock its 21st largest position. WFA of San Diego LLC’s holdings in Exxon Mobil were worth $1,157,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Exxon Mobil by 100,169.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,032,339,935 shares of the oil and gas company’s stock valued at $110,718,458,000 after acquiring an additional 1,031,310,373 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after buying an additional 123,254,064 shares during the period. Norges Bank acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $5,226,390,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Exxon Mobil by 16.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock valued at $5,218,954,000 after buying an additional 6,580,247 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Exxon Mobil by 188.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock worth $327,573,000 after acquiring an additional 5,711,599 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the sale, the vice president now owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey W. Ubben bought 250,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was bought at an average cost of $105.97 per share, with a total value of $26,492,500.00. Following the completion of the acquisition, the director now owns 2,077,000 shares in the company, valued at approximately $220,099,690. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares in the company, 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.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Bank of America increased their price target on shares of Exxon Mobil from $145.00 to $150.00 in a research report on Wednesday, September 27th. Morgan Stanley raised their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Monday, October 2nd. Sanford C. Bernstein assumed coverage on Exxon Mobil in a research report on Tuesday, October 17th. They set an “outperform” rating and a $140.00 price objective on the stock. Mizuho decreased their target price on Exxon Mobil from $139.00 to $133.00 and set a “buy” rating for the company in a report on Tuesday, November 14th. Finally, Jefferies Financial Group boosted their target price on Exxon Mobil from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Performance

XOM traded up $0.33 on Monday, reaching $105.29. The company had a trading volume of 2,426,204 shares, compared to its average volume of 16,875,863. The company has a quick ratio of 1.08, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 1 year low of $98.02 and a 1 year high of $120.70. The stock has a market capitalization of $417.26 billion, a PE ratio of 10.52, a P/E/G ratio of 3.72 and a beta of 1.07. The stock has a 50-day moving average price of $110.60 and a 200-day moving average price of $108.06.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.09). The firm had revenue of $90.76 billion during the quarter, compared to analyst estimates of $93.41 billion. Exxon Mobil had a net margin of 11.56% and a return on equity of 20.72%. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same period last year, the company earned $4.45 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 9.3 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.91. This represents a $3.80 annualized dividend and a yield of 3.61%. Exxon Mobil’s dividend payout ratio is currently 37.74%.

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.