MorganRosel Wealth Management LLC Has $407,000 Stock Position in Exxon Mobil Corporation $XOM

MorganRosel Wealth Management LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 233.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,773 shares of the oil and gas company’s stock after buying an additional 2,640 shares during the period. MorganRosel Wealth Management LLC’s holdings in Exxon Mobil were worth $407,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in XOM. Nuveen LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth $2,730,414,000. GQG Partners LLC grew its stake in shares of Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $607,621,000. Ameriprise Financial Inc. grew its stake in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Exxon Mobil by 72.5% during the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock worth $598,280,000 after purchasing an additional 2,332,293 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $115.89 on Tuesday. The firm has a market cap of $494.07 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. The stock’s 50-day moving average is $112.77 and its 200-day moving average is $109.63. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given 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 dividend yield of 3.4%. Exxon Mobil’s payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XOM. Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group lifted their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Bank of America lifted their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated 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 approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.