Evercore Wealth Management LLC Has $16.93 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

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Evercore Wealth Management LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 220,958 shares of the oil and gas company’s stock after acquiring an additional 1,565 shares during the quarter. Evercore Wealth Management LLC’s holdings in Exxon Mobil were worth $16,932,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in XOM. Massey Quick Simon & CO. LLC increased its position in Exxon Mobil by 121.2% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after buying an additional 183 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in Exxon Mobil during the second quarter worth approximately $26,000. Asset Planning Services Ltd. increased its position in Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after buying an additional 496 shares during the last quarter. INR Advisory Services LLC acquired a new position in Exxon Mobil during the fourth quarter worth approximately $43,000. Finally, Evolution Wealth Advisors LLC acquired a new position in Exxon Mobil during the second quarter worth approximately $45,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

A number of equities analysts have weighed in on the company. HSBC reissued a “neutral” rating and set a $86.50 price target on shares of Exxon Mobil in a research report on Thursday, May 23rd. Morgan Stanley lowered their price target on Exxon Mobil from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, July 12th. Independent Research set a $74.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, August 29th. DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and lowered their price target for the stock from $72.00 to $70.00 in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the stock a “hold” rating in a research report on Sunday, August 4th. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $81.13.

Shares of NYSE:XOM opened at $72.64 on Friday. Exxon Mobil Co. has a 12-month low of $64.65 and a 12-month high of $87.36. The stock has a market cap of $304.56 billion, a PE ratio of 16.94, a P/E/G ratio of 2.15 and a beta of 0.99. The business has a 50 day moving average of $70.46 and a 200-day moving average of $75.97. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $64.47 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 3.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s dividend payout ratio is presently 70.59%.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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