FRG Family Wealth Advisors LLC Grows Stock Holdings in Exxon Mobil Corporation $XOM

FRG Family Wealth Advisors LLC lifted its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,545 shares of the oil and gas company’s stock after purchasing an additional 470 shares during the quarter. FRG Family Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC raised its holdings 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 worth $337,000 after buying an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. bought a new position in Exxon Mobil in the 1st quarter valued at approximately $200,000. Brucke Financial Inc. boosted its stake in 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 valued at $808,000 after purchasing an additional 142 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Exxon Mobil by 3.9% during the 1st quarter. Golden State Wealth Management LLC now owns 9,659 shares of the oil and gas company’s stock valued at $1,149,000 after purchasing an additional 360 shares during the last quarter. Finally, Townsend & Associates Inc increased its holdings in shares of Exxon Mobil by 3.0% in the 1st quarter. Townsend & Associates Inc now owns 7,328 shares of the oil and gas company’s stock worth $872,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.6%

NYSE XOM opened at $114.57 on Friday. The stock’s 50-day moving average price is $113.19 and its 200-day moving average price is $109.86. The company has a market capitalization of $488.45 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.06 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. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XOM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. UBS Group lifted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Mizuho lowered their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, Barclays cut their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.00.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.