Three Bridge Wealth Advisors LLC Makes New Investment in Exxon Mobil Corporation $XOM

Three Bridge Wealth Advisors LLC acquired a new position in shares of Exxon Mobil Corporation (NYSE:XOM) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 3,748 shares of the oil and gas company’s stock, valued at approximately $404,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the first quarter worth approximately $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the first quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC lifted its position in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’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 transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Down 0.0%

Shares of Exxon Mobil stock opened at $114.19 on Wednesday. The stock has a market capitalization of $486.82 billion, a P/E ratio of 16.22, a PEG ratio of 2.08 and a beta of 0.51. 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 stock has a 50 day moving average price of $111.23 and a two-hundred day moving average price of $109.50. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $2.14 earnings per share. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. 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 is presently 56.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XOM shares. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Saturday, September 27th. UBS Group increased their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Finally, Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $124.75.

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.