SeaCrest Wealth Management LLC Increases Holdings in Exxon Mobil Corporation $XOM

SeaCrest Wealth Management LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,822 shares of the oil and gas company’s stock after buying an additional 2,288 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Exxon Mobil were worth $3,862,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in XOM. Two Sigma Investments LP raised its position in shares of Exxon Mobil by 6.0% during the 4th quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company’s stock valued at $3,234,000 after buying an additional 1,698 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $340,000. Retirement Planning Group LLC NY purchased a new stake in Exxon Mobil in the 4th quarter worth about $1,219,000. North Star Asset Management Inc. raised its position in Exxon Mobil by 17.1% in the 4th quarter. North Star Asset Management Inc. now owns 26,259 shares of the oil and gas company’s stock worth $2,825,000 after purchasing an additional 3,831 shares during the period. Finally, Columbia River Financial Group LLC purchased a new stake in Exxon Mobil in the 4th quarter worth about $625,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $112.82 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a 50 day moving average of $110.54 and a two-hundred day moving average of $109.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company has a market cap of $480.98 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the firm posted $2.14 earnings per share. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Mizuho reduced their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $124.76.

Exxon Mobil 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.