Onyx Bridge Wealth Group LLC Has $1.20 Million Stock Holdings in Exxon Mobil Corporation $XOM

Onyx Bridge Wealth Group LLC lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,101 shares of the oil and gas company’s stock after selling 193 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Exxon Mobil were worth $1,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. GAMMA Investing LLC lifted its position in shares of Exxon Mobil by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock worth $9,458,000 after purchasing an additional 13,582 shares during the period. Eagle Capital Management LLC increased its stake in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. acquired a new position in shares of Exxon Mobil during the first quarter valued at about $200,000. Brucke Financial Inc. boosted its position in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares in the last quarter. Finally, LaFleur & Godfrey LLC grew its stake in Exxon Mobil by 6.4% in the first quarter. LaFleur & Godfrey LLC now owns 99,411 shares of the oil and gas company’s stock valued at $11,823,000 after acquiring an additional 5,953 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.9%

Shares of NYSE XOM opened at $115.78 on Friday. The firm’s fifty day moving average is $112.41 and its 200 day moving average is $109.38. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. 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 $493.58 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.03 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. On average, equities research 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is currently 56.25%.

Insider Transactions at Exxon Mobil

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XOM. Melius started 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. Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Finally, Bank of America increased their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.58.

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.