Triad Wealth Partners LLC Has $1.78 Million Holdings in Exxon Mobil Corporation $XOM

Triad Wealth Partners LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 68.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,478 shares of the oil and gas company’s stock after acquiring an additional 6,670 shares during the quarter. Triad Wealth Partners LLC’s holdings in Exxon Mobil were worth $1,776,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Axis Wealth Partners LLC boosted its position in Exxon Mobil by 1.8% during the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 90 shares during the period. Park Edge Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after buying an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. lifted its holdings in shares of Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 91 shares during the last quarter. Chapin Davis Inc. lifted its holdings in shares of Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 93 shares during the last quarter. Finally, Gagnon Securities LLC lifted its holdings in shares of Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after buying an additional 95 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Saturday, September 27th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Finally, Melius Research initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and a consensus target price of $125.00.

Exxon Mobil Stock Up 1.8%

Shares of XOM stock opened at $113.25 on Friday. The stock’s 50 day simple moving average is $111.15 and its 200 day simple moving average is $109.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a market capitalization of $482.81 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company’s revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.14 EPS. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

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.