Mid American Wealth Advisory Group Inc. Buys Shares of 1,547 Exxon Mobil Corporation $XOM

Mid American Wealth Advisory Group Inc. bought a new stake in Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,547 shares of the oil and gas company’s stock, valued at approximately $167,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the first quarter valued at about $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Finally, 1248 Management LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.7%

Shares of XOM stock opened at $114.64 on Thursday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm’s fifty day simple moving average is $112.24 and its 200 day simple moving average is $109.29. The firm has a market capitalization of $488.72 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Bank of America upped their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Morgan Stanley upped their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. UBS Group upped their price target on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Barclays decreased their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Buying and Selling

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 value of $238,351.10. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

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.