Bernardo Wealth Planning LLC Boosts Stake in Exxon Mobil Co. (NYSE:XOM)

Bernardo Wealth Planning LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 18.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,060 shares of the oil and gas company’s stock after purchasing an additional 932 shares during the period. Bernardo Wealth Planning LLC’s holdings in Exxon Mobil were worth $500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marcum Wealth LLC boosted its position in Exxon Mobil by 19.1% in the 1st quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock valued at $2,429,000 after buying an additional 4,711 shares during the period. Minot Wealth Management LLC boosted its position in Exxon Mobil by 15.5% in the 1st quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock valued at $3,378,000 after buying an additional 5,477 shares during the period. Revolve Wealth Partners LLC boosted its position in Exxon Mobil by 13.3% in the 1st quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock valued at $467,000 after buying an additional 664 shares during the period. Home Federal Bank of Tennessee raised its holdings in shares of Exxon Mobil by 1.1% in the 1st quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock valued at $1,170,000 after purchasing an additional 150 shares in the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. raised its holdings in shares of Exxon Mobil by 7.1% in the 1st quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 7,256 shares of the oil and gas company’s stock valued at $599,000 after purchasing an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Exxon Mobil Stock Up 1.4 %

Shares of NYSE:XOM opened at $88.45 on Friday. The company has a market cap of $372.60 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09. The firm’s 50-day simple moving average is $90.93 and its 200-day simple moving average is $85.91. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The business’s quarterly revenue was up 70.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 12.35 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, August 11th. Exxon Mobil’s payout ratio is 38.51%.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. HSBC raised their price objective on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $115.00 to $125.00 in a report on Tuesday, June 21st. StockNews.com lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Bank of America raised their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st. Finally, Morgan Stanley reduced their price objective on shares of Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.40.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now directly owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Insiders have sold a total of 7,147 shares of company stock valued at $698,858 over the last quarter. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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

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